Court Place Advisors LLC Raises Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Court Place Advisors LLC grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 27.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the software maker’s stock after purchasing an additional 915 shares during the period. Court Place Advisors LLC’s holdings in Paycom Software were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PAYC. Empirical Finance LLC raised 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 valued at $314,000 after acquiring an additional 60 shares in the last quarter. Optas LLC lifted its holdings in shares of 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 purchasing an additional 61 shares during the last quarter. Davis Investment Partners LLC boosted its holdings 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 valued at $1,067,000 after acquiring an additional 64 shares during the period. Andina Capital Management LLC boosted its stake in Paycom Software by 4.5% during the 2nd 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. Finally, GAMMA Investing LLC grew its holdings in shares of Paycom Software by 26.7% during the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Paycom Software Price Performance

PAYC traded up $1.22 on Friday, reaching $166.40. The company’s stock had a trading volume of 17,787 shares, compared to its average volume of 807,858. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $253.33. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. The business’s 50 day moving average is $164.96 and its 200 day moving average is $164.16.

Paycom Software (NYSE:PAYC) last released 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%. As a group, research analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders 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 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software’s payout ratio is currently 18.07%.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $171.30, for a total transaction of $334,035.00. Following the sale, the chief executive officer now directly owns 2,805,060 shares of the company’s stock, valued at approximately $480,506,778. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $171.30, for a total transaction of $334,035.00. Following the sale, the chief executive officer now directly owns 2,805,060 shares of the company’s stock, valued at approximately $480,506,778. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock valued at $11,716,837 in the last quarter. Insiders own 14.50% of the company’s stock.

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.