HUB Investment Partners LLC Sells 2,630 Shares of Paycom Software, Inc. (NYSE:PAYC)

HUB Investment Partners LLC decreased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 56,467 shares of the software maker’s stock after selling 2,630 shares during the quarter. HUB Investment Partners LLC’s holdings in Paycom Software were worth $11,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Horizon Investments LLC raised its holdings in Paycom Software by 1,085.9% during the 4th quarter. Horizon Investments LLC now owns 7,827 shares of the software maker’s stock valued at $1,604,000 after acquiring an additional 7,167 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Paycom Software by 29.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,539 shares of the software maker’s stock worth $963,000 after purchasing an additional 1,042 shares during the period. Tocqueville Asset Management L.P. bought a new position in shares of Paycom Software in the fourth quarter worth $236,000. Cibc World Markets Corp increased its holdings in shares of Paycom Software by 15.8% in the fourth quarter. Cibc World Markets Corp now owns 7,835 shares of the software maker’s stock worth $1,606,000 after purchasing an additional 1,071 shares during the period. Finally, First National Advisers LLC increased its holdings in shares of Paycom Software by 3.9% in the fourth quarter. First National Advisers LLC now owns 7,772 shares of the software maker’s stock worth $1,593,000 after purchasing an additional 294 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the transaction, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Randall Peck sold 3,600 shares of the 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 sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,100 shares of company stock valued at $1,476,024. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Price Performance

PAYC stock opened at $217.71 on Thursday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The company has a market cap of $12.47 billion, a P/E ratio of 24.46, a PEG ratio of 2.40 and a beta of 1.14. The firm has a 50-day moving average of $209.87 and a 200 day moving average of $200.65.

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, topping analysts’ consensus estimates 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, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Mizuho upped their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, TD Cowen upped their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average price target of $212.80.

About Paycom Software

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.