Aurora Investment Counsel Has $2.78 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Aurora Investment Counsel lowered its stake in Paycom Software, Inc. (NYSE:PAYC) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,546 shares of the software maker’s stock after selling 1,357 shares during the quarter. Paycom Software accounts for 1.5% of Aurora Investment Counsel’s portfolio, making the stock its 9th largest position. Aurora Investment Counsel’s holdings in Paycom Software were worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Knuff & Co LLC grew its position in Paycom Software by 234.0% during the fourth quarter. Knuff & Co LLC now owns 1,189 shares of the software maker’s stock valued at $244,000 after buying an additional 833 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Paycom Software by 118.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker’s stock worth $143,000 after acquiring an additional 378 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Paycom Software in the 4th quarter worth $256,000. HighTower Advisors LLC raised its holdings in Paycom Software by 1.2% in the 4th quarter. HighTower Advisors LLC now owns 15,215 shares of the software maker’s stock worth $3,119,000 after purchasing an additional 184 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in Paycom Software during the fourth quarter valued at $2,942,000. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other news, 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 sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 in the company, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is owned by company insiders.

Paycom Software Stock Performance

PAYC stock opened at $202.83 on Friday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The firm has a fifty day moving average price of $208.95 and a 200 day moving average price of $198.97. The firm has a market cap of $11.61 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC) last announced its 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 return on equity of 33.53% and a net margin of 26.66%. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is currently 16.85%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus cut their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, February 13th. KeyCorp upgraded shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price on the stock in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Piper Sandler increased their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Barclays lowered their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average 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.