Oppenheimer Asset Management Inc. Has $20.98 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Oppenheimer Asset Management Inc. trimmed its stake in Paycom Software, Inc. (NYSE:PAYCFree Report) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 102,377 shares of the software maker’s stock after selling 1,222 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Paycom Software were worth $20,984,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAYC. Brooklyn Investment Group acquired a new stake in Paycom Software during the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. grew its stake 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 buying an additional 77 shares during the period. First Horizon Advisors Inc. grew its stake 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 buying an additional 189 shares during the period. IFP Advisors Inc grew its stake 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 buying an additional 178 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Paycom Software by 277.1% in the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after buying an additional 194 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen lifted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays dropped their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus dropped their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $209.22.

Get Our Latest Stock Analysis on Paycom Software

Insider Activity

In other news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.50% of the company’s stock.

Paycom Software Trading Up 0.2 %

Paycom Software stock opened at $219.49 on Thursday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.40 and a beta of 1.15. The firm has a 50 day simple moving average of $207.39 and a 200 day simple moving average of $194.92.

Paycom Software (NYSE:PAYCGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating 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 forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Paycom Software Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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