Aurora Investment Counsel Buys 865 Shares of Paycom Software, Inc. (NYSE:PAYC)

Aurora Investment Counsel lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,209 shares of the software maker’s stock after acquiring an additional 865 shares during the quarter. Aurora Investment Counsel’s holdings in Paycom Software were worth $1,889,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Mather Group LLC. bought a new position in Paycom Software in the 1st quarter worth $26,000. Palisade Asset Management LLC acquired a new position in shares of Paycom Software during the first quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new position in Paycom Software during the 2nd quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in Paycom Software in the 2nd quarter valued at $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paycom Software in the 2nd quarter worth $27,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $143.30, for a total transaction of $279,435.00. Following the completion of the sale, the chief executive officer now directly owns 3,031,508 shares of the company’s stock, valued at approximately $434,415,096.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the transaction, the insider now owns 14,769 shares of the company’s stock, valued at $2,327,889.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $143.30, for a total value of $279,435.00. Following the transaction, the chief executive officer now owns 3,031,508 shares of the company’s stock, valued at $434,415,096.40. The disclosure for this sale can be found here. Insiders have sold 73,856 shares of company stock valued at $11,747,491 over the last 90 days. 14.50% of the stock is owned by company insiders.

Analyst Ratings Changes

PAYC has been the subject of several research reports. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Jefferies Financial Group lowered their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Citigroup dropped their price target 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. Barclays upped 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. Finally, TD Cowen upped 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. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $179.75.

Paycom Software Stock Down 0.7 %

Shares of NYSE PAYC opened at $166.57 on Tuesday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $279.96. The firm’s 50-day simple moving average is $163.26 and its 200 day simple moving average is $167.67. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17.

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

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

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.