1,995 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by ProVise Management Group LLC

ProVise Management Group LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,995 shares of the software maker’s stock, valued at approximately $285,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $25,000. Mather Group LLC. purchased a new position in Paycom Software in the first quarter worth $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Paycom Software during the second quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software in the 2nd quarter worth $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Paycom Software in the 1st quarter worth $32,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Trading Down 1.6 %

Shares of NYSE:PAYC opened at $170.24 on Friday. The company has a market capitalization of $9.78 billion, a PE ratio of 20.74, a PEG ratio of 2.39 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $279.96. The business has a 50 day moving average of $162.09 and a two-hundred day moving average of $168.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The firm had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Equities research analysts predict that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.88%. Paycom Software’s dividend payout ratio is presently 18.27%.

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. TD Cowen increased their price objective on shares of Paycom Software from $147.00 to $171.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Jefferies Financial Group decreased their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Finally, Barclays boosted their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $178.33.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $170.19, for a total value of $331,870.50. Following the sale, the chief executive officer now directly owns 2,810,910 shares of the company’s stock, valued at $478,388,772.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the transaction, the insider now owns 14,769 shares in the company, valued at approximately $2,327,889.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $170.19, for a total value of $331,870.50. Following the completion of the sale, the chief executive officer now owns 2,810,910 shares in the company, valued at $478,388,772.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,856 shares of company stock valued at $11,532,113. 14.50% of the stock is owned by company insiders.

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.