Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,060 shares of the software maker’s stock after selling 130 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Paycom Software were worth $2,062,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PAYC. Farther Finance Advisors LLC increased its holdings in Paycom Software by 22.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 602 shares of the software maker’s stock worth $100,000 after purchasing an additional 112 shares during the period. Van ECK Associates Corp increased its holdings in Paycom Software by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 10,452 shares of the software maker’s stock worth $1,718,000 after purchasing an additional 1,037 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Paycom Software by 6.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,971 shares of the software maker’s stock worth $2,327,000 after purchasing an additional 867 shares during the period. Principal Financial Group Inc. increased its holdings in Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after purchasing an additional 5,574 shares during the period. Finally, Equitable Trust Co. increased its holdings in Paycom Software by 10.5% during the 3rd quarter. Equitable Trust Co. now owns 4,381 shares of the software maker’s stock worth $730,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 4.6 %

Paycom Software stock opened at $213.03 on Friday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock has a 50 day moving average of $208.61 and a two-hundred day moving average of $197.93. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.40 and a beta of 1.14.

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

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio is currently 16.85%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAYC. Barclays cut their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Mizuho increased 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. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.22.

Insider Activity

In related news, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now directly owns 7,730 shares of the company’s stock, valued at $1,686,840.60. The trade was a 6.08 % decrease in their position. 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.