GKV Capital Management Co. Inc. Takes Position in Paycom Software, Inc. (NYSE:PAYC)

GKV Capital Management Co. Inc. acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,600 shares of the software maker's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the period. Geode Capital Management LLC lifted its stake in Paycom Software by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after acquiring an additional 89,848 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock valued at $102,090,000 after purchasing an additional 11,611 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Paycom Software by 1,153.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock worth $82,375,000 after purchasing an additional 369,825 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Paycom Software by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock worth $73,727,000 after purchasing an additional 11,595 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Price Performance

Paycom Software stock traded up $6.91 during mid-day trading on Tuesday, reaching $213.11. The company had a trading volume of 96,254 shares, compared to its average volume of 648,873. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The company has a market capitalization of $12.33 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.40 and a beta of 0.97. The stock's 50-day simple moving average is $214.05 and its 200-day simple moving average is $208.97.

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

Paycom Software Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insider Activity

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at $10,750,606.35. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the sale, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. 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 90 days. Insiders own 10.90% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PAYC. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Citigroup dropped their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price target on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus price target of $212.80.

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.