Tredje AP fonden Decreases Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Tredje AP fonden lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,232 shares of the software maker’s stock after selling 4,231 shares during the quarter. Tredje AP fonden’s holdings in Paycom Software were worth $867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Private Trust Co. NA grew its stake in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after purchasing an additional 49 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after buying an additional 51 shares during the last quarter. Wrapmanager Inc. increased its holdings in Paycom Software by 2.6% in the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares during the period. Michael S. Ryan Inc. raised its position in Paycom Software by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after buying an additional 68 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after acquiring an additional 72 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on PAYC shares. TD Cowen raised their target price 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. Mizuho boosted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. KeyCorp raised Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target for the company in a report on Monday, March 10th. Finally, Barclays dropped their price objective 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Paycom Software has an average rating of “Hold” and an average price target of $212.80.

Paycom Software Stock Up 2.6 %

PAYC opened at $208.08 on Friday. The company 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 twelve month low of $139.50 and a twelve month high of $242.74. The company has a 50-day moving average price of $209.04 and a 200 day moving average price of $199.53.

Paycom Software (NYSE:PAYC) last announced its 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 return on equity of 33.53% and a net margin of 26.66%. As a group, sell-side analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend 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 presently 16.85%.

Insider Transactions at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. Insiders own 14.50% of the company’s stock.

About Paycom Software

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.