Paycom Software, Inc. (NYSE:PAYC) Position Lessened by HBW Advisory Services LLC

HBW Advisory Services LLC decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,319 shares of the software maker’s stock after selling 1,819 shares during the period. HBW Advisory Services LLC’s holdings in Paycom Software were worth $2,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Empirical Finance LLC boosted its stake in Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock valued at $314,000 after purchasing an additional 60 shares during the period. Optas LLC raised its stake in shares of Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after acquiring an additional 61 shares during the last quarter. Wahed Invest LLC boosted its holdings in shares of Paycom Software by 7.9% in the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after acquiring an additional 64 shares in the last quarter. Andina Capital Management LLC grew its holdings in shares of Paycom Software by 4.5% during the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after purchasing an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Paycom Software by 1.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $140.20, for a total transaction of $273,390.00. Following the sale, the chief executive officer now owns 3,023,708 shares in the company, valued at $423,923,861.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the sale, the chief executive officer now directly owns 3,023,708 shares in the company, valued at $423,923,861.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the transaction, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,856 shares of company stock valued at $11,841,695 in the last quarter. Insiders own 14.50% of the company’s stock.

Paycom Software Stock Performance

Shares of Paycom Software stock traded down $0.11 on Friday, reaching $166.45. 126,660 shares of the stock were exchanged, compared to its average volume of 832,319. The firm’s 50 day moving average is $163.65 and its 200-day moving average is $167.34. The firm has a market cap of $9.56 billion, a PE ratio of 20.29, a P/E/G ratio of 2.37 and a beta of 1.17. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $279.96.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. On average, equities research analysts expect that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio is 18.27%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Citigroup lowered their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Barclays raised their target price on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Jefferies Financial Group cut their price objective on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Seventeen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $179.75.

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.