Graham Capital Management L.P. Invests $839,000 in Paycom Software, Inc. (NYSE:PAYC)

Graham Capital Management L.P. bought a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,093 shares of the software maker's stock, valued at approximately $839,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its position in shares of Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after buying an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Paycom Software by 1.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after buying an additional 51 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock worth $1,128,000 after purchasing an additional 60 shares in the last quarter. Fiduciary Trust Co lifted its holdings in shares of Paycom Software by 1.6% during the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker's stock valued at $921,000 after buying an additional 71 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in Paycom Software by 0.7% during the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock valued at $2,192,000 after buying an additional 72 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Stifel Nicolaus lifted their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Piper Sandler raised their target price on Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software has a consensus rating of "Hold" and a consensus target price of $226.90.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 120,000 shares of Paycom Software 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 transaction, the chief executive officer now owns 3,307,249 shares in the company, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,526 shares of company stock valued at $37,450,796 over the last 90 days. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Down 0.6%

NYSE PAYC traded down $1.47 during mid-day trading on Monday, hitting $258.89. The stock had a trading volume of 59,045 shares, compared to its average volume of 701,869. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $261.64. The company has a 50 day simple moving average of $222.52 and a 200 day simple moving average of $218.19. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last released 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 net margin of 26.66% and a return on equity of 33.53%. The firm had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. During the same period in the previous year, the firm earned $2.59 earnings per share. Paycom Software's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is 21.40%.

About Paycom Software

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.