Securian Asset Management Inc. Has $522,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Securian Asset Management Inc. reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,547 shares of the software maker’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Paycom Software were worth $522,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Paycom Software during the third quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after purchasing an additional 189 shares during the period. IFP Advisors Inc boosted its holdings in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after purchasing an additional 178 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after purchasing an additional 88 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen raised their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note 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 for the company in a research note on Monday, March 10th. Citigroup reduced their target price 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. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average price target of $212.80.

Paycom Software Stock Up 3.8 %

NYSE:PAYC opened at $215.86 on Tuesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.40 and a beta of 1.14. The company’s 50 day moving average is $209.21 and its 200-day moving average is $200.15.

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

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Insider Buying and Selling

In related news, Director J C. Watts, Jr. sold 500 shares of the business’s stock in a transaction 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 transaction, the director now owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction 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 directly owns 28,733 shares in the company, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is owned by company insiders.

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.