Level Four Advisory Services LLC Buys 792 Shares of Paycom Software, Inc. (NYSE:PAYC)

Level Four Advisory Services LLC grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 6.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,821 shares of the software maker’s stock after acquiring an additional 792 shares during the quarter. Level Four Advisory Services LLC’s holdings in Paycom Software were worth $2,628,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PAYC. Murphy & Mullick Capital Management Corp acquired a new stake in Paycom Software during the fourth quarter worth about $30,000. Brooklyn Investment Group acquired a new stake in shares of Paycom Software during the 3rd quarter worth approximately $28,000. IFP Advisors Inc increased its stake in Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. raised its position in Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after purchasing an additional 88 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Paycom Software during the third quarter worth $79,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction on 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 approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock worth $1,476,024 over the last quarter. Company insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research analyst reports. KeyCorp raised Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target for the company in a report on Monday, March 10th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Mizuho lifted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, TD Cowen boosted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Twelve investment 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 currently has an average rating of “Hold” and a consensus price target of $212.80.

Paycom Software Trading Down 3.1 %

Shares of PAYC opened at $218.75 on Friday. The stock’s 50-day moving average price is $212.28 and its two-hundred day moving average price is $203.35. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a market capitalization of $12.53 billion, a PE ratio of 24.58, a PEG ratio of 2.40 and a beta of 1.14.

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%. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio is presently 16.85%.

About Paycom Software

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.