Farringdon Capital Ltd. Buys New Position in Paycom Software, Inc. (NYSE:PAYC)

Farringdon Capital Ltd. purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,933 shares of the software maker’s stock, valued at approximately $396,000.

Several other hedge funds also recently made changes to their positions in PAYC. Glass Jacobson Investment Advisors llc increased its position in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Paycom Software during the fourth quarter valued at approximately $30,000. IFP Advisors Inc grew its stake in Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares in the last quarter. Blue Trust Inc. increased its position in shares of Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after purchasing an additional 88 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Paycom Software during the 3rd quarter worth approximately $79,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Trading Up 0.6 %

NYSE:PAYC opened at $216.92 on Friday. The stock has a 50 day simple moving average of $213.80 and a 200 day simple moving average of $207.77. The stock has a market cap of $12.55 billion, a P/E ratio of 24.37, a PEG ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC) last posted its earnings results 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 return on equity of 33.53% and a net margin of 26.66%. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on PAYC shares. Stifel Nicolaus lowered their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. KeyCorp upgraded shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective on the stock in a research note on Monday, March 10th. Barclays cut their target price on shares of 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. JPMorgan Chase & Co. upped their price objective on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their target price on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $212.80.

Insider Transactions at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the business’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 transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is currently owned by company insiders.

Paycom Software Company 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.