Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC raised its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,607 shares of the software maker's stock after purchasing an additional 5,472 shares during the quarter. Frontier Capital Management Co. LLC owned 0.11% of Paycom Software worth $13,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PAYC. Barclays PLC boosted its holdings in Paycom Software by 0.6% in the third quarter. Barclays PLC now owns 109,636 shares of the software maker's stock valued at $18,261,000 after purchasing an additional 617 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Paycom Software in the third quarter valued at $79,000. Principal Financial Group Inc. boosted its holdings in Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock valued at $10,962,000 after purchasing an additional 5,574 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Paycom Software by 81.1% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the software maker's stock valued at $120,000 after purchasing an additional 262 shares during the last quarter. Finally, ORG Wealth Partners LLC boosted its holdings in Paycom Software by 11.6% in the fourth quarter. ORG Wealth Partners LLC now owns 1,152 shares of the software maker's stock valued at $236,000 after purchasing an additional 120 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Piper Sandler upped their price target on shares of Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price target on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Paycom Software presently has an average rating of "Hold" and a consensus target price of $226.90.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the sale, the chief executive officer now directly owns 3,307,249 shares in the company, valued at $805,381,276.48. This represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This trade represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,100 shares of company stock valued at $30,698,424. Company insiders own 10.90% of the company's stock.

Paycom Software Price Performance

Shares of NYSE:PAYC traded up $3.60 during mid-day trading on Friday, reaching $252.95. 730,359 shares of the company were exchanged, compared to its average volume of 701,815. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.40 and a beta of 0.80. The firm's 50-day simple moving average is $217.84 and its 200 day simple moving average is $215.32. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $255.12.

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

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given 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 dividend yield of 0.59%. Paycom Software's payout ratio is currently 16.85%.

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.