Argonautica Private Wealth Management Inc. Sells 275 Shares of Paycom Software, Inc. (NYSE:PAYC)

Argonautica Private Wealth Management Inc. lessened its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,841 shares of the software maker’s stock after selling 275 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Paycom Software were worth $582,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in shares of Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after acquiring an additional 357,723 shares during the period. Confluence Investment Management LLC raised its holdings in shares of Paycom Software by 147.3% during the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock valued at $62,943,000 after purchasing an additional 225,081 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Paycom Software during the 4th quarter worth about $42,893,000. Charles Schwab Investment Management Inc. grew its stake in shares of Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock valued at $81,030,000 after buying an additional 151,807 shares during the period. Finally, Aureus Asset Management LLC increased its position in Paycom Software by 417.8% in the 3rd quarter. Aureus Asset Management LLC now owns 133,214 shares of the software maker’s stock valued at $22,189,000 after buying an additional 107,487 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

Shares of PAYC stock opened at $218.96 on Wednesday. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The firm’s 50-day simple moving average is $207.67 and its two-hundred day simple moving average is $194.49.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping 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%. 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, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. Paycom Software’s dividend payout ratio is presently 16.85%.

Insider Transactions at Paycom Software

In related news, COO Randall Peck sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. TD Cowen lifted their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Barclays cut their target price 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 lowered their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $209.22.

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.