2,129 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by LRT Capital Management LLC

LRT Capital Management LLC acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,129 shares of the software maker's stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Glass Jacobson Investment Advisors llc increased its stake 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 valued at $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Paycom Software in the 4th quarter valued at $30,000. IFP Advisors Inc raised its stake in Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after acquiring an additional 178 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Paycom Software in the fourth quarter valued at $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 purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAYC. KeyCorp boosted their target price 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 upped their target price on shares of Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays boosted their price target on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $226.90.

Insider Activity

In other news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. This represents a 9.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chad R. Richison sold 120,000 shares of the business's 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 completion of the sale, the chief executive officer now owns 3,307,249 shares of the company's stock, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,526 shares of company stock valued at $37,450,796 over the last 90 days. Insiders own 10.90% of the company's stock.

Paycom Software Trading Down 0.4%

Shares of PAYC traded down $0.92 during trading hours on Thursday, reaching $256.30. The company had a trading volume of 715,691 shares, compared to its average volume of 703,940. The firm has a 50 day simple moving average of $220.65 and a 200-day simple moving average of $216.56. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 28.80, a PEG 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 released its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The business had revenue of $530.50 million for the quarter, compared to analyst estimates of $522.92 million. During the same period in the prior year, the business earned $2.59 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. Paycom Software's dividend payout ratio (DPR) is presently 21.40%.

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.