Two Sigma Securities LLC Raises Holdings in Paycom Software, Inc. (NYSE:PAYC)

Two Sigma Securities LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1,272.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,075 shares of the software maker's stock after purchasing an additional 2,851 shares during the quarter. Two Sigma Securities LLC's holdings in Paycom Software were worth $630,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Paycom Software by 0.6% during the third quarter. Barclays PLC now owns 109,636 shares of the software maker's stock worth $18,261,000 after buying an additional 617 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in Paycom Software by 26.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,053 shares of the software maker's stock valued at $2,341,000 after purchasing an additional 2,944 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Paycom Software during the third quarter worth about $79,000. Peapack Gladstone Financial Corp increased its stake in shares of Paycom Software by 71.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,488 shares of the software maker's stock valued at $414,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Paycom Software by 9.3% in the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock valued at $10,962,000 after acquiring an additional 5,574 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,100 shares of company stock worth $1,476,024. 10.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PAYC shares. Piper Sandler raised their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. 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 report on Monday, March 10th. Citigroup reduced their price target 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. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $212.80.

Paycom Software Stock Down 0.9 %

PAYC traded down $2.11 during mid-day trading on Wednesday, reaching $226.45. 422,890 shares of the company traded hands, compared to its average volume of 712,078. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The stock has a market capitalization of $13.10 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.40 and a beta of 0.97. The company's fifty day moving average price is $215.35 and its 200-day moving average price is $211.18.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. As a group, sell-side 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 given a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. Paycom Software's payout ratio is 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.