Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its position in Paycom Software, Inc. (NYSE:PAYC) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its position in Paycom Software by 83.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after purchasing an additional 71 shares during the period. Headlands Technologies LLC acquired a new position in Paycom Software during the 3rd quarter worth $52,000. Operose Advisors LLC acquired a new position in Paycom Software during the 3rd quarter worth $55,000. GAMMA Investing LLC acquired a new position in Paycom Software during the 4th quarter worth $49,000. Finally, Rakuten Securities Inc. acquired a new position in Paycom Software during the 4th quarter worth $62,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PAYC shares. Piper Sandler boosted their price target on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. BTIG Research started coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. UBS Group boosted their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $257.18.

Paycom Software Stock Performance

Shares of PAYC stock traded up $2.31 on Friday, reaching $188.89. 674,972 shares of the company’s stock traded hands, compared to its average volume of 700,485. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04. The business’s 50 day moving average price is $189.82 and its two-hundred day moving average price is $197.60. The company has a market capitalization of $10.87 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17.

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

Paycom Software Dividend Announcement

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

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.