Knuff & Co LLC Has $244,000 Stake in Paycom Software, Inc. (NYSE:PAYC)

Knuff & Co LLC lifted its stake in Paycom Software, Inc. (NYSE:PAYC) by 234.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,189 shares of the software maker’s stock after purchasing an additional 833 shares during the quarter. Knuff & Co LLC’s holdings in Paycom Software were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PAYC. EverSource Wealth Advisors LLC lifted its stake in Paycom Software by 118.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker’s stock worth $143,000 after purchasing an additional 378 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Paycom Software in the fourth quarter valued at $256,000. HighTower Advisors LLC increased its holdings in Paycom Software by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 15,215 shares of the software maker’s stock valued at $3,119,000 after purchasing an additional 184 shares during the period. Wealthfront Advisers LLC acquired a new stake in Paycom Software during the 4th quarter worth about $2,942,000. Finally, Citizens Financial Group Inc. RI grew its holdings in Paycom Software by 28.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 1,789 shares of the software maker’s stock worth $367,000 after acquiring an additional 394 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Down 4.7 %

Shares of PAYC opened at $206.86 on Wednesday. The business has a 50-day simple moving average of $208.89 and a two-hundred day simple moving average of $198.89. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly 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 anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares in the company, valued at approximately $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PAYC shares. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. KeyCorp upgraded shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target for the company in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Piper Sandler boosted their price target on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Twelve equities research 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 has a consensus rating of “Hold” and a consensus 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.