Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in Paycom Software, Inc. (NYSE:PAYC) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,174 shares of the software maker’s stock after selling 327 shares during the quarter. Sanctuary Advisors LLC’s holdings in Paycom Software were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PAYC. Brooklyn Investment Group bought a new position in Paycom Software in the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. boosted its position in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after acquiring an additional 77 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after purchasing an additional 189 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Paycom Software by 277.1% during the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after purchasing an additional 194 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Paycom Software during the third quarter valued at about $79,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $219.29 on Tuesday. The company has a market capitalization of $12.56 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. The stock has a fifty day moving average of $207.67 and a 200-day moving average of $194.49. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating 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, research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal 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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend 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 is currently 16.85%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PAYC. BMO Capital Markets increased their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Stifel Nicolaus dropped their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Citigroup dropped their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $209.22.

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.