Paycom Software, Inc. (NYSE:PAYC) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,427 shares of the software maker’s stock after selling 908 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Paycom Software were worth $1,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its position in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Paycom Software in the 4th quarter worth $63,923,000. Strategic Financial Concepts LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at $42,893,000. Aureus Asset Management LLC lifted its holdings in shares of Paycom Software by 417.8% in the third 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 during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Paycom Software in the third quarter worth about $16,702,000. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAYC. Mizuho raised their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays reduced their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Citigroup cut their price objective 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. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Piper Sandler upped their target price on Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus price target of $212.80.

Insider Transactions at Paycom Software

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the transaction, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were 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 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 disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock worth $1,476,024 in the last 90 days. 14.50% of the stock is owned by insiders.

Paycom Software Trading Down 3.1 %

NYSE PAYC opened at $218.75 on Monday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The firm’s fifty day simple moving average is $212.28 and its 200-day simple moving average is $203.85. The company has a market capitalization of $12.53 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14.

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

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio is 16.85%.

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.