Diversified Trust Co Sells 1,535 Shares of Paycom Software, Inc. (NYSE:PAYC)

Diversified Trust Co lowered its stake in Paycom Software, Inc. (NYSE:PAYC) by 24.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,717 shares of the software maker’s stock after selling 1,535 shares during the period. Diversified Trust Co’s holdings in Paycom Software were worth $786,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Empirical Finance LLC increased its position 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 increased its position 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 worth $211,000 after purchasing an additional 61 shares during the period. Wahed Invest LLC increased its position in shares of Paycom Software by 7.9% in the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after purchasing an additional 64 shares during the period. Davis Investment Partners LLC increased its position in shares of Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after purchasing an additional 64 shares during the period. Finally, Andina Capital Management LLC increased its position in shares of Paycom Software by 4.5% in 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 period. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. 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. TD Cowen raised their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, Barclays raised their price objective on Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average target price of $179.75.

Paycom Software Trading Up 2.3 %

Shares of PAYC stock opened at $163.59 on Thursday. The business’s 50-day moving average price is $163.60 and its 200-day moving average price is $166.40. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $279.96. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.36 and a beta of 1.17.

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

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.92%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $153.86, for a total transaction of $300,027.00. Following the completion of the transaction, the chief executive officer now directly owns 3,017,858 shares in the company, valued at $464,327,631.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Paycom Software news, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the sale, the chief financial officer now directly owns 294,849 shares in the company, valued at approximately $45,990,547.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $153.86, for a total value of $300,027.00. Following the completion of the sale, the chief executive officer now owns 3,017,858 shares of the company’s stock, valued at approximately $464,327,631.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,906 shares of company stock worth $11,616,119 over the last ninety days. 14.50% of the stock is owned by 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.