1,388 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,388 shares of the software maker’s stock, valued at approximately $276,000.

Other hedge funds also recently added to or reduced their stakes in the company. Oak Family Advisors LLC acquired a new position in Paycom Software during the fourth quarter worth $2,994,000. ARK & TLK Investments LLC acquired a new position in Paycom Software during the fourth quarter worth $2,260,000. Janney Montgomery Scott LLC lifted its stake in Paycom Software by 26.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock worth $10,401,000 after purchasing an additional 10,555 shares in the last quarter. Norges Bank acquired a new position in Paycom Software during the fourth quarter worth $6,670,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Paycom Software by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 302,544 shares of the software maker’s stock worth $62,542,000 after purchasing an additional 12,708 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.46, for a total transaction of $273,897.00. Following the transaction, the chief executive officer now owns 3,041,258 shares of the company’s stock, valued at $427,175,098.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Jason D. Clark sold 906 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the completion of the sale, the insider now owns 43,367 shares in the company, valued at $6,227,934.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.46, for a total transaction of $273,897.00. Following the completion of the sale, the chief executive officer now owns 3,041,258 shares of the company’s stock, valued at approximately $427,175,098.68. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock valued at $4,269,160 over the last quarter. 14.50% of the stock is currently owned by insiders.

Paycom Software Stock Up 0.9 %

NYSE PAYC opened at $143.04 on Friday. Paycom Software, Inc. has a 52-week low of $139.69 and a 52-week high of $374.04. The business’s 50-day moving average price is $163.40 and its 200 day moving average price is $183.53. The firm has a market cap of $8.31 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.15 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. As a group, analysts anticipate that Paycom Software, Inc. will post 6.37 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s dividend payout ratio is currently 18.27%.

Analyst Ratings Changes

PAYC has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Barclays reduced their price objective on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen reduced their price objective on Paycom Software from $170.00 to $147.00 and set a “hold” rating on the stock in a research note on Thursday, June 20th. BMO Capital Markets reduced their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $237.81.

Paycom Software Company 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.