Motley Fool Wealth Management LLC Sells 501 Shares of Paycom Software, Inc. (NYSE:PAYC)

Motley Fool Wealth Management LLC lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,467 shares of the software maker’s stock after selling 501 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Paycom Software were worth $4,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PAYC. International Assets Investment Management LLC increased its stake in shares of Paycom Software by 16,173.6% during the 4th quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after purchasing an additional 782,962 shares during the last quarter. Meritage Group LP purchased a new stake in shares of Paycom Software during the 3rd quarter worth approximately $103,800,000. Boston Trust Walden Corp purchased a new stake in shares of Paycom Software during the 4th quarter worth approximately $48,865,000. DSM Capital Partners LLC purchased a new stake in shares of Paycom Software during the 3rd quarter worth approximately $60,077,000. Finally, American Century Companies Inc. increased its stake in shares of Paycom Software by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after purchasing an additional 180,202 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

PAYC has been the subject of several research analyst reports. Piper Sandler raised their price target on shares of Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. UBS Group raised their price target on shares of Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, BTIG Research initiated coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating for the company. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $257.18.

Paycom Software Stock Up 1.2 %

Shares of NYSE PAYC traded up $2.31 during mid-day trading on Friday, reaching $188.89. 674,972 shares of the company were exchanged, compared to its average volume of 700,485. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04. The stock has a market capitalization of $10.87 billion, a PE ratio of 32.02, a PEG ratio of 3.18 and a beta of 1.17. The company’s 50 day moving average price is $189.82 and its 200 day moving average price is $197.60.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. On average, sell-side analysts predict that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, March 1st. Paycom Software’s payout ratio is 25.42%.

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.