Dimensional Fund Advisors LP Raises Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Dimensional Fund Advisors LP lifted its stake in Paycom Software, Inc. (NYSE:PAYC) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,538 shares of the software maker’s stock after purchasing an additional 51,317 shares during the period. Dimensional Fund Advisors LP’s holdings in Paycom Software were worth $61,603,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PAYC. Glass Jacobson Investment Advisors llc lifted its holdings 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 buying an additional 112 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software during the fourth quarter valued at approximately $30,000. IFP Advisors Inc boosted its position in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares in the last quarter. Blue Trust Inc. grew its stake in Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after purchasing an additional 88 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Paycom Software during the fourth quarter valued at $88,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.6 %

Shares of PAYC stock opened at $227.65 on Friday. The company has a 50 day moving average price of $215.78 and a 200-day moving average price of $211.72. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The firm has a market capitalization of $13.17 billion, a PE ratio of 25.58, a P/E/G ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) 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%. Analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors 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 of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 28,733 shares of the company’s stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PAYC shares. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, February 13th. Finally, Piper Sandler boosted their target price on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $212.80.

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.