HBW Advisory Services LLC Lowers Stake in Paycom Software, Inc. (NYSE:PAYC)

HBW Advisory Services LLC lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,319 shares of the software maker’s stock after selling 1,819 shares during the quarter. HBW Advisory Services LLC’s holdings in Paycom Software were worth $2,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Canandaigua National Bank & Trust Co. boosted its position in Paycom Software by 53.7% during the third quarter. Canandaigua National Bank & Trust Co. now owns 2,692 shares of the software maker’s stock valued at $448,000 after purchasing an additional 941 shares in the last quarter. Czech National Bank grew its holdings in Paycom Software by 8.2% in the third quarter. Czech National Bank now owns 9,913 shares of the software maker’s stock valued at $1,651,000 after purchasing an additional 752 shares during the period. Cascade Investment Advisors Inc. lifted its stake in Paycom Software by 11.6% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 7,354 shares of the software maker’s stock valued at $1,225,000 after buying an additional 764 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Paycom Software in the 2nd quarter valued at $856,000. Finally, KPP Advisory Services LLC raised its holdings in Paycom Software by 31.5% in the 2nd quarter. KPP Advisory Services LLC now owns 3,482 shares of the software maker’s stock valued at $498,000 after acquiring an additional 834 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Trading Down 0.1 %

Shares of NYSE PAYC traded down $0.11 during midday trading on Friday, reaching $166.45. 126,660 shares of the stock were exchanged, compared to its average volume of 832,319. The company has a market capitalization of $9.56 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.37 and a beta of 1.17. The stock has a 50 day moving average price of $163.65 and a 200-day moving average price of $167.34. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $279.96.

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

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued 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 0.90%. Paycom Software’s payout ratio is 18.27%.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $140.20, for a total transaction of $273,390.00. Following the completion of the sale, the chief executive officer now owns 3,023,708 shares of the company’s stock, valued at approximately $423,923,861.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now owns 14,769 shares in the company, valued at $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the transaction, the chief executive officer now owns 3,023,708 shares of the company’s stock, valued at approximately $423,923,861.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,856 shares of company stock valued at $11,841,695. 14.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their price target on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Jefferies Financial Group decreased their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, Citigroup cut their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $179.75.

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.