Quantinno Capital Management LP Purchases 2,770 Shares of Paycom Software, Inc. (NYSE:PAYC)

Quantinno Capital Management LP raised its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,890 shares of the software maker's stock after buying an additional 2,770 shares during the quarter. Quantinno Capital Management LP's holdings in Paycom Software were worth $4,487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Trust Co. NA boosted its stake in Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock worth $118,000 after acquiring an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after purchasing an additional 51 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock valued at $1,128,000 after buying an additional 60 shares during the period. Fiduciary Trust Co increased its position in Paycom Software by 1.6% in the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker's stock valued at $921,000 after buying an additional 71 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock worth $2,192,000 after buying an additional 72 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of Paycom Software stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $243.52, for a total value of $29,222,400.00. Following the sale, the chief executive officer now owns 3,307,249 shares of the company's stock, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company's stock, valued at $5,775,620.33. This represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,526 shares of company stock valued at $37,450,796. Insiders own 10.90% of the company's stock.

Paycom Software Stock Down 1.3%

Paycom Software stock traded down $3.44 during midday trading on Wednesday, hitting $257.25. 358,801 shares of the stock were exchanged, compared to its average volume of 700,866. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $264.92. The business's 50-day moving average price is $224.74 and its 200-day moving average price is $218.83. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The firm had revenue of $530.50 million for the quarter, compared to analysts' expectations of $522.92 million. During the same quarter last year, the firm earned $2.59 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. Paycom Software's dividend payout ratio (DPR) is currently 21.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on PAYC shares. Barclays raised their price objective on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Piper Sandler upped their price objective on shares of Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. Finally, KeyCorp boosted their target price on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Paycom Software presently has a consensus rating of "Hold" and a consensus price target of $226.90.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.