Inceptionr LLC Sells 4,001 Shares of Paycom Software, Inc. (NYSE:PAYC)

Inceptionr LLC lowered its holdings in Paycom Software, Inc. (NYSE:PAYC) by 49.4% in the fourth quarter, Holdings Channel reports. The firm owned 4,101 shares of the software maker’s stock after selling 4,001 shares during the quarter. Inceptionr LLC’s holdings in Paycom Software were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PAYC. Brooklyn Investment Group bought a new position in shares of Paycom Software in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. grew 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 valued at $30,000 after acquiring an additional 77 shares during the period. First Horizon Advisors Inc. grew its position in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the period. IFP Advisors Inc grew its position in shares of Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after acquiring an additional 178 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Paycom Software by 33.3% in the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after acquiring an additional 88 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the transaction, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Randall Peck sold 3,600 shares of the company’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 transaction, 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. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Stock Up 4.6 %

Shares of Paycom Software stock opened at $213.03 on Friday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The company has a 50-day simple moving average of $208.61 and a two-hundred day simple moving average of $197.65. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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, 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given 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 payout ratio is presently 16.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PAYC. Mizuho lifted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Citigroup decreased their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler lifted their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Barclays decreased their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.22.

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.