Copperwynd Financial LLC Invests $650,000 in Paycom Software, Inc. (NYSE:PAYC)

Copperwynd Financial LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,543 shares of the software maker’s stock, valued at approximately $650,000.

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

Paycom Software Price Performance

PAYC opened at $167.80 on Friday. The company has a 50 day simple moving average of $163.26 and a two-hundred day simple moving average of $167.95. The firm has a market cap of $9.64 billion, a P/E ratio of 20.44, a PEG ratio of 2.46 and a beta of 1.17. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $279.96.

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

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PAYC shares. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. TD Cowen upped 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. Jefferies Financial Group dropped their target price on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Citigroup reduced their price target on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $179.75.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $142.43, for a total transaction of $277,738.50. Following the completion of the sale, the chief executive officer now directly owns 3,035,408 shares of the company’s stock, valued at approximately $432,333,161.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the sale, the insider now owns 14,769 shares in the company, valued at approximately $2,327,889.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $142.43, for a total transaction of $277,738.50. Following the transaction, the chief executive officer now directly owns 3,035,408 shares of the company’s stock, valued at approximately $432,333,161.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,856 shares of company stock valued at $11,697,103. 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.