Frontier Capital Management Co. LLC Has $13.24 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Frontier Capital Management Co. LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,607 shares of the software maker’s stock after purchasing an additional 5,472 shares during the period. Frontier Capital Management Co. LLC owned about 0.11% of Paycom Software worth $13,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Paycom Software by 0.6% during the third quarter. Barclays PLC now owns 109,636 shares of the software maker’s stock valued at $18,261,000 after acquiring an additional 617 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Paycom Software during the 3rd quarter worth $79,000. Principal Financial Group Inc. lifted 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 buying an additional 5,574 shares during the period. GAMMA Investing LLC grew its position in shares of Paycom Software by 81.1% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the software maker’s stock valued at $120,000 after buying an additional 262 shares during the last quarter. Finally, ORG Wealth Partners LLC increased its stake in shares of Paycom Software by 11.6% in the fourth quarter. ORG Wealth Partners LLC now owns 1,152 shares of the software maker’s stock valued at $236,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares in the company, valued at $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,100 shares of company stock valued at $1,476,024. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

PAYC stock opened at $249.62 on Friday. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $254.48. The firm’s fifty day moving average is $217.13 and its 200 day moving average is $214.02. The firm has a market cap of $14.44 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. The firm had revenue of $530.50 million during the quarter, compared to analysts’ expectations of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.59 EPS. As a group, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software’s payout ratio is 16.85%.

Analyst Ratings Changes

PAYC has been the topic of a number of recent analyst reports. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays lifted their price target on shares of Paycom Software from $221.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the stock a “hold” rating in a report on Thursday. Finally, StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $226.90.

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.