GeoWealth Management LLC Has $116,000 Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

GeoWealth Management LLC raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 34.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 568 shares of the software maker’s stock after buying an additional 146 shares during the quarter. GeoWealth Management LLC’s holdings in Paycom Software were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Paycom Software by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after purchasing an additional 51 shares during the period. Michael S. Ryan Inc. boosted its holdings in Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after purchasing an additional 68 shares during the period. Valley National Advisers Inc. grew its position in 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, Asset Management One Co. Ltd. increased its holdings in shares of Paycom Software by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker’s stock worth $4,184,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were 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 approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,100 shares of company stock valued at $1,476,024. Insiders own 10.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAYC. Stifel Nicolaus decreased their target price 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. KeyCorp raised Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays decreased their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $212.80.

Paycom Software Trading Up 3.0 %

NYSE:PAYC opened at $225.87 on Friday. The stock has a market capitalization of $13.07 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm has a 50 day moving average of $214.55 and a 200-day moving average of $209.49.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, March 10th. Paycom Software’s payout ratio is presently 16.85%.

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.