Hershey Financial Advisers LLC Takes $813,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Hershey Financial Advisers LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,967 shares of the software maker’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of 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 acquiring an additional 51 shares during the period. Michael S. Ryan Inc. grew its stake in shares of Paycom Software by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after acquiring an additional 68 shares during the period. Valley National Advisers Inc. grew its stake in shares of Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after acquiring an additional 72 shares during the period. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the stock in a transaction 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 sale, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. 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 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 completion of the sale, the director now owns 7,730 shares in the company, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock worth $1,476,024. Company insiders own 14.50% of the company’s stock.

Paycom Software Stock Performance

NYSE PAYC opened at $218.74 on Monday. The company has a market capitalization of $12.53 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The stock has a 50 day moving average price of $210.52 and a 200-day moving average price of $201.72.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PAYC shares. Barclays cut their price objective on 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. Stifel Nicolaus dropped their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Piper Sandler upped their price target on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Mizuho upped their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $212.80.

Paycom Software 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.