Two Sigma Securities LLC Purchases 2,851 Shares of Paycom Software, Inc. (NYSE:PAYC)

Two Sigma Securities LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 1,272.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,075 shares of the software maker’s stock after purchasing an additional 2,851 shares during the quarter. Two Sigma Securities LLC’s holdings in Paycom Software were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PAYC. Glass Jacobson Investment Advisors llc raised its position in Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in Paycom Software during the fourth quarter valued at $30,000. IFP Advisors Inc increased its position in Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after buying an additional 178 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after buying an additional 88 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Paycom Software during the 3rd quarter valued at $79,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of PAYC opened at $228.08 on Friday. 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 $13.19 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.40 and a beta of 0.97. The firm’s 50 day simple moving average is $214.84 and its 200 day simple moving average is $209.96.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating 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, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

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

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the 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 sale, the chief operating officer now 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. Over the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PAYC has been the subject of several recent research reports. Piper Sandler lifted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target on the stock in a research report on Monday, March 10th. Citigroup cut their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays lowered 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 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $212.80.

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.