Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Creative Planning

Creative Planning grew its position in Paycom Software, Inc. (NYSE:PAYC) by 13.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,951 shares of the software maker’s stock after purchasing an additional 692 shares during the period. Creative Planning’s holdings in Paycom Software were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Paycom Software during the second quarter worth about $25,000. Mather Group LLC. acquired a new stake in Paycom Software during the first quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software during the second quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paycom Software during the second quarter worth about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in Paycom Software during the first quarter worth about $32,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,327,889.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Paycom Software news, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. 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 available through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of the 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 transaction, the insider now owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,906 shares of company stock valued at $11,642,951. 14.50% of the stock is owned by company insiders.

Paycom Software Price Performance

NYSE PAYC opened at $162.50 on Friday. The company has a market cap of $9.33 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.17. The stock’s 50 day simple moving average is $163.47 and its 200-day simple moving average is $166.37. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $278.23.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The firm had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. On average, equities research analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.92%. Paycom Software’s payout ratio is 18.07%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Citigroup dropped their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Barclays increased 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. Jefferies Financial Group lowered their price target on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, TD Cowen increased their price target on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $180.17.

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.