Paycom Software, Inc. (NYSE:PAYC) Stake Lessened by Captrust Financial Advisors

Captrust Financial Advisors lessened its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,601 shares of the software maker's stock after selling 3,345 shares during the period. Captrust Financial Advisors' holdings in Paycom Software were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PAYC. Glass Jacobson Investment Advisors llc boosted its position in Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software in the fourth quarter worth approximately $30,000. IFP Advisors Inc boosted its holdings in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after purchasing an additional 178 shares during the period. Parvin Asset Management LLC purchased a new position in Paycom Software during the fourth quarter valued at approximately $61,000. Finally, Blue Trust Inc. grew its position in Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock valued at $72,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of PAYC stock opened at $260.70 on Monday. The stock's 50 day simple moving average is $222.52 and its 200 day simple moving average is $218.19. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $261.64. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.40 and a beta of 0.80.

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

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, May 27th. Paycom Software's dividend payout ratio is 21.40%.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the completion of the transaction, the chief executive officer now directly owns 3,277,249 shares in the company, valued at $837,402,664.48. This represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This trade represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,526 shares of company stock worth $37,450,796 over the last ninety days. Company insiders own 10.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PAYC shares. Stifel Nicolaus lifted their target price on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. BMO Capital Markets upped their target price on Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. KeyCorp raised their price target on Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $226.90.

Paycom Software Company 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.

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