Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Mariner LLC

Mariner LLC grew its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,194 shares of the software maker's stock after acquiring an additional 1,415 shares during the quarter. Mariner LLC's holdings in Paycom Software were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after purchasing an additional 1,388,533 shares during the last quarter. Arrowstreet Capital Limited Partnership increased 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 valued at $82,375,000 after purchasing an additional 369,825 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Paycom Software during the 4th quarter valued at approximately $63,923,000. Strategic Financial Concepts LLC bought a new position in shares of Paycom Software during the 4th quarter valued at approximately $42,893,000. Finally, Norges Bank bought a new position in shares of Paycom Software during the 4th quarter valued at approximately $21,510,000. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Down 0.6 %

Shares of Paycom Software stock traded down $1.27 on Monday, reaching $226.33. The stock had a trading volume of 507,812 shares, compared to its average volume of 713,962. The company has a 50 day moving average price of $215.05 and a 200 day moving average price of $211.05. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The stock has a market capitalization of $13.09 billion, a P/E ratio of 25.43, a P/E/G ratio of 2.40 and a beta of 0.97.

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

Paycom Software Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Piper Sandler upped their price objective on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Barclays cut their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus cut their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $212.80.

Insider Activity

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the transaction, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $763,884.00. Following the transaction, the chief operating officer now owns 50,665 shares of the company's stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

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.