Paycom Software, Inc. (NYSE:PAYC) Shares Bought by First National Advisers LLC

First National Advisers LLC grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,772 shares of the software maker’s stock after purchasing an additional 294 shares during the quarter. First National Advisers LLC’s holdings in Paycom Software were worth $1,593,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Glenview Trust co boosted its position in Paycom Software by 27.1% during the fourth quarter. Glenview Trust co now owns 12,294 shares of the software maker’s stock valued at $2,520,000 after purchasing an additional 2,625 shares during the last quarter. Natixis Advisors LLC boosted its position in Paycom Software by 6.7% during the fourth quarter. Natixis Advisors LLC now owns 75,700 shares of the software maker’s stock valued at $15,516,000 after purchasing an additional 4,760 shares during the last quarter. Copperwynd Financial LLC boosted its position in Paycom Software by 3.1% during the fourth quarter. Copperwynd Financial LLC now owns 5,719 shares of the software maker’s stock valued at $1,172,000 after purchasing an additional 170 shares during the last quarter. Knuff & Co LLC boosted 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 purchasing an additional 833 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Paycom Software by 118.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker’s stock valued at $143,000 after purchasing an additional 378 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the firm’s 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 directly owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s 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 sale, the director now owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAYC. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Piper Sandler boosted their price target on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Barclays reduced their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus reduced their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.80.

Paycom Software Trading Up 2.6 %

PAYC stock opened at $208.08 on Friday. The stock has a 50-day moving average price of $209.04 and a two-hundred day moving average price of $199.53. The stock has a market cap of $11.92 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data 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 net margin of 26.66% and a return on equity of 33.53%. On average, analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.72%. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

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.