Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Lifted by Avory & Company LLC

Avory & Company LLC boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,939 shares of the software maker’s stock after purchasing an additional 162 shares during the period. Paycom Software comprises 4.5% of Avory & Company LLC’s portfolio, making the stock its 9th biggest holding. Avory & Company LLC owned about 0.07% of Paycom Software worth $7,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PAYC. Private Advisor Group LLC boosted its position in Paycom Software by 14.3% in the third quarter. Private Advisor Group LLC now owns 2,398 shares of the software maker’s stock worth $400,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Paycom Software by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,595 shares of the software maker’s stock valued at $931,000 after buying an additional 380 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after buying an additional 905 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Paycom Software by 22.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 602 shares of the software maker’s stock valued at $100,000 after buying an additional 112 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Paycom Software by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 10,452 shares of the software maker’s stock valued at $1,718,000 after buying an additional 1,037 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of analyst reports. Citigroup lowered their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays lowered 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. Finally, Mizuho boosted their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Twelve research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus target price of $209.22.

Paycom Software Price Performance

NYSE:PAYC opened at $217.59 on Thursday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The stock’s 50 day simple moving average is $208.59 and its two-hundred day simple moving average is $197.23. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.40 and a beta of 1.15.

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

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

Insiders Place Their Bets

In other news, Director J C. Watts, Jr. sold 500 shares of the business’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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Randall Peck sold 3,600 shares of the business’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 value of $763,884.00. Following 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. Corporate insiders own 14.50% of the company’s stock.

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.