Tocqueville Asset Management L.P. Acquires Shares of 1,150 Paycom Software, Inc. (NYSE:PAYC)

Tocqueville Asset Management L.P. acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,150 shares of the software maker’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after buying an additional 49 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% in the 4th 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 last quarter. Michael S. Ryan Inc. boosted its position in shares of Paycom Software by 2.5% in the 4th 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. boosted its position in shares of Paycom Software by 0.7% in the 4th 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, Pin Oak Investment Advisors Inc. boosted its position in shares of Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PAYC shares. Citigroup reduced their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Mizuho raised their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus reduced their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. TD Cowen raised their price target on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $212.80.

Paycom Software Price Performance

PAYC opened at $215.51 on Friday. The business’s 50-day moving average price is $210.19 and its two-hundred day moving average price is $200.76. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 2.40 and a beta of 1.14.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is 16.85%.

Insider Buying and Selling at Paycom Software

In other news, COO Randall Peck sold 3,600 shares of the firm’s 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 owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the transaction, the insider now owns 28,733 shares of the company’s stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock valued at $1,476,024 in the last 90 days. 14.50% 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.