1,317 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,317 shares of the software maker’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in PAYC. Private Trust Co. NA raised its holdings in shares of Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after buying an additional 49 shares during the period. Oppenheimer & Co. Inc. increased its stake in Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after purchasing an additional 51 shares during the period. Michael S. Ryan Inc. lifted its position in shares of Paycom Software by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after purchasing an additional 68 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock worth $2,192,000 after purchasing an additional 72 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Paycom Software by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker’s stock worth $4,184,000 after buying an additional 79 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other news, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 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 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. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $195.90 on Tuesday. The firm has a market capitalization of $11.22 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The business’s 50-day moving average is $212.58 and its two-hundred day moving average is $205.59. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, March 10th. Paycom Software’s dividend payout ratio is currently 16.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective for the company in a research report on Monday, March 10th. TD Cowen increased their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. increased their price target on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Mizuho upped their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $212.80.

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.