Hsbc Holdings PLC Trims Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Hsbc Holdings PLC lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 34.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,039 shares of the software maker's stock after selling 34,711 shares during the period. Hsbc Holdings PLC owned 0.11% of Paycom Software worth $13,326,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PAYC. Glass Jacobson Investment Advisors llc increased its position in Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after buying an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Paycom Software in the fourth quarter worth about $30,000. IFP Advisors Inc increased its position in Paycom Software by 635.7% in 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 in the last quarter. Blue Trust Inc. increased its position in Paycom Software by 33.3% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Paycom Software in the third quarter worth about $79,000. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Up 0.6 %

Paycom Software stock traded up $1.26 during midday trading on Thursday, reaching $227.65. 499,264 shares of the stock traded hands, compared to its average volume of 710,548. The stock's fifty day moving average is $215.61 and its 200-day moving average is $211.28. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market cap of $13.17 billion, a P/E ratio of 25.58, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) 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%. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

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

Insider Activity

In other news, COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred 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 directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. This represents a 6.63 % 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, 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 value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock valued at $1,476,024 in the last ninety days. Insiders own 10.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PAYC shares. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company 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 for the company in a research note on Thursday, January 16th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective for the company in a research note on Monday, March 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of "Hold" and an average target price of $212.80.

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.