Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 24.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 990 shares of the software maker’s stock after selling 325 shares during the period. Tributary Capital Management LLC’s holdings in Paycom Software were worth $197,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in Paycom Software in the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC boosted its position in Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Paycom Software in the 4th quarter valued at about $41,000. GAMMA Investing LLC purchased a new position in Paycom Software in the 4th quarter valued at about $49,000. Finally, Quest Partners LLC purchased a new position in Paycom Software in the 4th quarter valued at about $56,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, EVP Amy Vickroy sold 1,381 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total value of $198,021.59. Following the sale, the executive vice president now owns 19,962 shares in the company, valued at $2,862,351.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Amy Vickroy sold 1,381 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total transaction of $198,021.59. Following the transaction, the executive vice president now owns 19,962 shares in the company, valued at $2,862,351.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction of $352,599.00. Following the transaction, the chief executive officer now owns 3,091,958 shares in the company, valued at approximately $559,087,845.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,537 shares of company stock worth $4,823,818. 12.60% of the stock is owned by company insiders.

Paycom Software Stock Down 0.0 %

PAYC opened at $142.27 on Wednesday. The company’s 50-day moving average price is $161.60 and its 200 day moving average price is $182.53. Paycom Software, Inc. has a fifty-two week low of $139.69 and a fifty-two week high of $374.04. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16.

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

Paycom Software Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on PAYC. Citigroup decreased their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Barclays reduced their price target on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $237.81.

About Paycom Software

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.