Barlow Wealth Partners Inc. Has $15.37 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Barlow Wealth Partners Inc. boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 93,952 shares of the software maker’s stock after purchasing an additional 1,538 shares during the period. Paycom Software comprises 2.0% of Barlow Wealth Partners Inc.’s holdings, making the stock its 18th largest position. Barlow Wealth Partners Inc. owned about 0.16% of Paycom Software worth $15,371,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its position in Paycom Software by 20.9% in the fourth quarter. Rafferty Asset Management LLC now owns 7,247 shares of the software maker’s stock valued at $1,498,000 after buying an additional 1,255 shares in the last quarter. Cibc World Markets Corp lifted its holdings in shares of Paycom Software by 137.6% during the fourth quarter. Cibc World Markets Corp now owns 6,461 shares of the software maker’s stock worth $1,336,000 after purchasing an additional 3,742 shares during the period. Icon Wealth Advisors LLC bought a new position in Paycom Software during the fourth quarter worth $472,000. ValueAct Holdings L.P. bought a new position in Paycom Software during the fourth quarter worth $125,686,000. Finally, Brown Capital Management LLC raised its stake in Paycom Software by 10.1% during the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock worth $228,642,000 after buying an additional 101,744 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAYC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Barclays lifted 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 note on Thursday, August 1st. TD Cowen lifted their price target 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. Jefferies Financial Group decreased their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Finally, Citigroup decreased their target price 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. Seventeen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Paycom Software has an average rating of “Hold” and a consensus target price of $179.75.

Paycom Software Stock Performance

PAYC traded up $2.66 during midday trading on Wednesday, reaching $162.60. The company had a trading volume of 20,856 shares, compared to its average volume of 825,742. The stock has a market cap of $9.45 billion, a PE ratio of 19.48, a P/E/G ratio of 2.36 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $279.96. The business has a 50-day moving average price of $163.60 and a two-hundred day moving average price of $166.40.

Paycom Software (NYSE:PAYC) last released its 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 analysts’ expectations of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. On average, research analysts anticipate that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s payout ratio is 18.27%.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $171.30, for a total transaction of $334,035.00. Following the sale, the chief executive officer now owns 2,805,060 shares in the company, valued at $480,506,778. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock worth $11,616,119 over the last three months. 14.50% of the stock is currently owned by insiders.

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.