Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in Paycom Software, Inc. (NYSE:PAYC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Paycom Software, Inc. (NYSE:PAYC) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,338 shares of the software maker’s stock after selling 256 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Paycom Software were worth $2,119,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PAYC. Empowered Funds LLC lifted its stake in shares of Paycom Software by 20.6% during the 3rd quarter. Empowered Funds LLC now owns 2,522 shares of the software maker’s stock worth $420,000 after purchasing an additional 430 shares during the period. Thrivent Financial for Lutherans boosted its stake in Paycom Software by 71.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,497 shares of the software maker’s stock worth $583,000 after buying an additional 1,462 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Paycom Software in the 3rd quarter valued at about $282,000. First Horizon Advisors Inc. increased its stake in shares of Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Paycom Software by 181.1% during the 3rd quarter. Intech Investment Management LLC now owns 4,733 shares of the software maker’s stock worth $788,000 after acquiring an additional 3,049 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now owns 28,733 shares of the company’s stock, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Randall Peck sold 3,600 shares of the business’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 value of $763,884.00. Following the completion of the sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,100 shares of company stock worth $1,476,024. Insiders own 14.50% of the company’s stock.

Paycom Software Price Performance

Paycom Software stock opened at $223.43 on Tuesday. 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 $12.79 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. The firm’s fifty day moving average price is $210.97 and its 200 day moving average price is $202.19.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS 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%. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PAYC. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a 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, JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $212.80.

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.