Full Sail Capital LLC Decreases Holdings in Paycom Software, Inc. (NYSE:PAYC)

Full Sail Capital LLC reduced its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,008 shares of the software maker's stock after selling 1,729 shares during the period. Full Sail Capital LLC's holdings in Paycom Software were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc raised its stake in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after acquiring an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software during the fourth quarter worth about $30,000. IFP Advisors Inc grew 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 buying an additional 178 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Paycom Software during the fourth quarter worth about $61,000. Finally, Blue Trust Inc. grew its holdings in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after buying an additional 88 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. BMO Capital Markets lifted their price objective on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report 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 report on Thursday, May 8th. Finally, StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $226.90.

Paycom Software Trading Down 1.3%

Shares of NYSE:PAYC traded down $3.48 during trading on Wednesday, hitting $256.73. 696,631 shares of the stock were exchanged, compared to its average volume of 703,893. The company has a fifty day moving average price of $219.78 and a two-hundred day moving average price of $216.28. The company has a market cap of $14.85 billion, a PE ratio of 28.85, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $261.64.

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

Paycom Software Dividend Announcement

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

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 120,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the completion of 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 SEC, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. The trade was a 6.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 153,526 shares of company stock worth $37,450,796. Insiders own 10.90% of the company's stock.

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.