Personal CFO Solutions LLC Sells 880 Shares of Paycom Software, Inc. (NYSE:PAYC)

Personal CFO Solutions LLC trimmed its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,685 shares of the software maker’s stock after selling 880 shares during the quarter. Personal CFO Solutions LLC’s holdings in Paycom Software were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

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

Paycom Software Stock Up 4.6 %

NYSE:PAYC opened at $213.03 on Monday. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.40 and a beta of 1.14. The company’s 50 day moving average price is $208.61 and its 200-day moving average price is $198.19. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating 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 anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Analysts Set New Price Targets

Several research firms have weighed in on PAYC. Barclays cut their price objective 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. Mizuho lifted their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, TD Cowen upped their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Twelve analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average target price of $209.22.

Insiders Place Their Bets

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.50% of the stock is owned by insiders.

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.