Barclays PLC Acquires 10,723 Shares of Paycom Software, Inc. (NYSE:PAYC)

Barclays PLC grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,359 shares of the software maker’s stock after buying an additional 10,723 shares during the quarter. Barclays PLC’s holdings in Paycom Software were worth $24,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA raised its position in Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. raised 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 buying an additional 51 shares during the period. Michael S. Ryan Inc. lifted its position in Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after buying an additional 68 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Paycom Software by 0.7% during the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock worth $2,192,000 after buying an additional 72 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Paycom Software by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker’s stock valued at $4,184,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.6 %

Shares of NYSE PAYC opened at $216.92 on Friday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The business has a fifty day simple moving average of $214.08 and a two-hundred day simple moving average of $208.12. The firm has a market cap of $12.55 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. On average, research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

Insider Buying and Selling

In related news, 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 sale, the director now owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now 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. Insiders sold 7,100 shares of company stock valued at $1,476,024 over the last 90 days. Corporate insiders own 10.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PAYC. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. 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 note on Monday, March 10th. Stifel Nicolaus dropped their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Citigroup reduced their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler boosted their price objective on Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price 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.