Mutual of America Capital Management LLC Reduces Position in Paycom Software, Inc. (NYSE:PAYC)

Mutual of America Capital Management LLC reduced its holdings in Paycom Software, Inc. (NYSE:PAYC) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,825 shares of the software maker’s stock after selling 167 shares during the period. Mutual of America Capital Management LLC’s holdings in Paycom Software were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after buying an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after acquiring an additional 51 shares during the last quarter. Wrapmanager Inc. grew its holdings in shares of Paycom Software by 2.6% in the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock valued at $362,000 after purchasing an additional 56 shares during the period. Michael S. Ryan Inc. increased its position in Paycom Software by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after purchasing an additional 68 shares during the last quarter. Finally, Valley National Advisers Inc. raised its stake in Paycom Software by 0.7% during the fourth 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 period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Trading Up 4.6 %

Shares of NYSE PAYC opened at $213.03 on Monday. The stock has a market capitalization of $12.20 billion, a PE ratio of 23.94, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock has a fifty day simple moving average of $208.61 and a 200-day simple moving average of $198.19.

Paycom Software (NYSE:PAYC) last released its earnings results 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 return on equity of 33.53% and a net margin of 26.66%. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

Insiders Place Their Bets

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho increased their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus decreased their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Piper Sandler lifted their target price on Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, TD Cowen increased their price target on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Twelve investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.22.

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.