Metis Global Partners LLC Has $376,000 Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Metis Global Partners LLC grew its stake in Paycom Software, Inc. (NYSE:PAYC) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,835 shares of the software maker’s stock after purchasing an additional 94 shares during the period. Metis Global Partners LLC’s holdings in Paycom Software were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PAYC. Fisher Asset Management LLC grew its position in Paycom Software by 9.0% in the fourth quarter. Fisher Asset Management LLC now owns 86,546 shares of the software maker’s stock valued at $17,739,000 after acquiring an additional 7,178 shares during the period. Dynasty Wealth Management LLC boosted its stake in shares of Paycom Software by 7.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 4,621 shares of the software maker’s stock valued at $947,000 after purchasing an additional 316 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after purchasing an additional 49 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Paycom Software during the 4th quarter worth about $7,142,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after purchasing an additional 51 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PAYC shares. TD Cowen upped their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Citigroup decreased their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Barclays lowered their target price on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus target price of $209.22.

Paycom Software Stock Up 0.2 %

Paycom Software stock opened at $217.59 on Thursday. The business’s 50-day simple moving average is $208.59 and its 200 day simple moving average is $197.23. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. As a group, sell-side analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

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 issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is presently 16.85%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Randall Peck sold 3,600 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were 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 approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company’s stock.

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.