Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,570 shares of the software maker’s stock after selling 1,077 shares during the period. Banco Santander S.A.’s holdings in Paycom Software were worth $937,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after purchasing an additional 51 shares during the last quarter. Wrapmanager Inc. lifted its holdings in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after purchasing an additional 56 shares during the period. Michael S. Ryan Inc. boosted its position in Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after buying an additional 68 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after buying an additional 72 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on PAYC shares. 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 research note on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays decreased their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, TD Cowen upped their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating, According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus target price of $209.22.

Paycom Software Price Performance

NYSE PAYC opened at $213.03 on Monday. The company has a market cap of $12.20 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.40 and a beta of 1.14. The stock has a 50-day moving average of $208.61 and a two-hundred day moving average of $198.19. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio is currently 16.85%.

Insider Activity

In related news, Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction that occurred 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here. Insiders own 14.50% of the company’s stock.

About Paycom Software

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.