Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co increased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,495 shares of the software maker’s stock after acquiring an additional 71 shares during the period. Fiduciary Trust Co’s holdings in Paycom Software were worth $921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its position in shares of Paycom Software by 137.8% in the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock valued at $491,201,000 after buying an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock worth $310,245,000 after acquiring an additional 89,848 shares in the last quarter. Northern Trust Corp raised its position in Paycom Software by 10.9% during the fourth quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock worth $148,402,000 after acquiring an additional 70,897 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Paycom Software by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker’s stock valued at $102,090,000 after purchasing an additional 11,611 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Paycom Software by 1,153.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker’s stock valued at $82,375,000 after purchasing an additional 369,825 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 Paycom Software stock in a transaction dated Friday, February 21st. The stock was 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 $10,750,606.35. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,100 shares of company stock worth $30,698,424. Company insiders own 10.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PAYC shares. Citigroup decreased their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. KeyCorp lifted their price target on Paycom Software from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets boosted their price target on Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $226.90.

Paycom Software Price Performance

NYSE:PAYC opened at $252.95 on Friday. The company’s 50-day moving average is $217.84 and its two-hundred day moving average is $214.97. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $255.12. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $530.50 million for the quarter, compared to analysts’ expectations of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 earnings per share. As a group, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software’s payout ratio is 16.85%.

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.