Paycom Software, Inc. (NYSE:PAYC) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 23.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,009 shares of the software maker’s stock after selling 615 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Paycom Software were worth $287,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

PAYC has been the subject of several research analyst reports. TD Cowen upped their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Citigroup lowered their target price on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Barclays upped their price target on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Seventeen investment 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.com, the company presently has an average rating of “Hold” and a consensus target price of $179.75.

Insider Buying and Selling

In other Paycom Software news, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the transaction, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction 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 in the company, valued at approximately $480,506,778. 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 can be accessed through this link. Also, CFO Craig E. Boelte sold 11,882 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the transaction, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,906 shares of company stock valued at $11,616,119. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Trading Down 2.2 %

NYSE PAYC opened at $159.94 on Wednesday. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.36 and a beta of 1.17. The business’s 50 day moving average is $163.60 and its two-hundred day moving average is $166.40. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $279.96.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, beating 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%. Equities analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

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.