Paycom Software, Inc. (NYSE:PAYC) Stock Position Decreased by First Trust Advisors LP

First Trust Advisors LP decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 393,314 shares of the software maker's stock after selling 5,708 shares during the period. First Trust Advisors LP owned about 0.68% of Paycom Software worth $80,617,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PAYC. Private Trust Co. NA lifted its holdings in Paycom Software by 9.3% in 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 during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after acquiring an additional 51 shares during the last quarter. Michael S. Ryan Inc. lifted its holdings in Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock worth $573,000 after acquiring an additional 68 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock worth $2,192,000 after acquiring an additional 72 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Paycom Software by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Insider Activity

In related news, COO Randall Peck sold 3,600 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total value 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 represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock valued at $1,476,024 over the last three months. Insiders own 10.90% of the company's stock.

Paycom Software Trading Up 1.0 %

PAYC stock traded up $2.22 during trading hours on Friday, hitting $228.08. 348,913 shares of the stock traded hands, compared to its average volume of 714,790. The stock has a 50-day simple moving average of $214.84 and a 200 day simple moving average of $210.61. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market cap of $13.19 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio is 16.85%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PAYC shares. Citigroup cut their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Barclays cut their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Piper Sandler lifted their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, February 14th. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus cut their price target on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $212.80.

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.