Mount Yale Investment Advisors LLC Trims Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Mount Yale Investment Advisors LLC decreased its position in Paycom Software, Inc. (NYSE:PAYC) by 12.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,998 shares of the software maker’s stock after selling 987 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Paycom Software were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAYC. Sylebra Capital LLC grew its position in Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after acquiring an additional 685,190 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Paycom Software by 9.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock worth $152,925,000 after purchasing an additional 92,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Paycom Software by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock worth $124,709,000 after purchasing an additional 79,299 shares during the last quarter. Federated Hermes Inc. raised its holdings in Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after buying an additional 529,591 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Paycom Software by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker’s stock valued at $65,122,000 after buying an additional 26,934 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE:PAYC opened at $164.60 on Friday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $253.33. The firm has a market capitalization of $9.45 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. The business’s fifty day moving average price is $165.06 and its 200 day moving average price is $163.90.

Paycom Software (NYSE:PAYC) last posted 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 firm had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. As a group, equities analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.91%. Paycom Software’s dividend payout ratio is currently 18.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PAYC. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Barclays raised their price target on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. TD Cowen boosted their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group raised their target price on Paycom Software from $155.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday. Finally, StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $182.25.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software 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 transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig E. Boelte sold 11,882 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,906 shares of company stock valued at $11,716,837 over the last ninety days. Insiders own 14.50% of the company’s stock.

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.