Motley Fool Asset Management LLC Sells 29,518 Shares of Paycom Software, Inc. (NYSE:PAYC)

Motley Fool Asset Management LLC lessened its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 62.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,596 shares of the software maker’s stock after selling 29,518 shares during the period. Motley Fool Asset Management LLC’s holdings in Paycom Software were worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Oak Family Advisors LLC purchased a new stake in shares of Paycom Software in the 4th quarter worth about $2,994,000. Nordea Investment Management AB increased its stake in shares of Paycom Software by 8.8% in the 3rd quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker’s stock worth $68,912,000 after acquiring an additional 21,095 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Paycom Software in the 4th quarter worth about $6,615,000. US Bancorp DE increased its stake in shares of Paycom Software by 25.8% in the 3rd quarter. US Bancorp DE now owns 91,950 shares of the software maker’s stock worth $23,840,000 after acquiring an additional 18,857 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in shares of Paycom Software in the 4th quarter worth about $2,028,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

Paycom Software stock traded down $1.33 during trading on Thursday, reaching $186.58. The company had a trading volume of 843,256 shares, compared to its average volume of 842,079. The firm’s 50-day simple moving average is $189.86 and its 200 day simple moving average is $198.20. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The firm has a market capitalization of $10.74 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The firm had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $422.50 million. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts anticipate that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 annualized dividend and a yield of 0.80%. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PAYC shares. Citigroup dropped their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Piper Sandler lifted their price target on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $195.00 price target on shares of Paycom Software in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $257.18.

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.