KPP Advisory Services LLC Has $498,000 Stake in Paycom Software, Inc. (NYSE:PAYC)

KPP Advisory Services LLC boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 31.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,482 shares of the software maker’s stock after purchasing an additional 834 shares during the quarter. KPP Advisory Services LLC’s holdings in Paycom Software were worth $498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC increased its stake in shares of Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after purchasing an additional 60 shares during the period. Optas LLC grew its holdings in Paycom Software by 6.1% in the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after buying an additional 61 shares during the last quarter. Wahed Invest LLC increased its position in 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 buying an additional 64 shares during the period. Andina Capital Management LLC lifted 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 buying an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Paycom Software by 1.7% during 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 buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PAYC. Barclays raised their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. TD Cowen boosted their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group reduced their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Citigroup lowered their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Finally, Needham & Company LLC reaffirmed 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $179.75.

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.61, for a total transaction of $276,139.50. Following the transaction, the chief executive officer now owns 3,029,558 shares in the company, valued at approximately $429,015,708.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.61, for a total value of $276,139.50. Following the completion of the transaction, the chief executive officer now owns 3,029,558 shares in the company, valued at approximately $429,015,708.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the transaction, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,856 shares of company stock worth $11,792,926. 14.50% of the stock is owned by corporate insiders.

Paycom Software Stock Performance

PAYC opened at $166.34 on Wednesday. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.46 and a beta of 1.17. The firm’s 50-day simple moving average is $163.39 and its 200-day simple moving average is $167.51. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $279.96.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The company had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software’s payout ratio is presently 18.27%.

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.