Optimize Financial Inc Makes New $272,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Optimize Financial Inc acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,327 shares of the software maker's stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. HighTower Advisors LLC lifted its position in Paycom Software by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,031 shares of the software maker's stock worth $2,474,000 after buying an additional 672 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Paycom Software during the third quarter valued at $206,000. Stifel Financial Corp boosted its holdings in Paycom Software by 18.5% in the third quarter. Stifel Financial Corp now owns 41,071 shares of the software maker's stock valued at $6,841,000 after acquiring an additional 6,421 shares during the last quarter. Wellington Management Group LLP lifted its position in Paycom Software by 144.6% during the 3rd quarter. Wellington Management Group LLP now owns 16,803 shares of the software maker's stock valued at $2,799,000 after purchasing an additional 9,933 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of Paycom Software in the 3rd quarter valued at about $247,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price on the stock in a research note on Monday, March 10th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price target 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. Finally, Citigroup decreased their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Paycom Software has an average rating of "Hold" and an average price target of $212.80.

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following 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 link. Also, insider Bradley Scott Smith sold 3,000 shares of the business's 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 completion of the sale, the insider now directly owns 28,733 shares of the company's stock, valued at $5,775,620.33. This represents 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 ninety days. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Performance

Paycom Software stock traded up $1.39 during mid-day trading on Friday, reaching $216.92. The company's stock had a trading volume of 403,689 shares, compared to its average volume of 718,354. The business's 50 day simple moving average is $213.80 and its 200 day simple moving average is $207.77. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly 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 return on equity of 33.53% and a net margin of 26.66%. As a group, sell-side analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

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.