Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 277.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the software maker’s stock after buying an additional 194 shares during the quarter. Blue Trust Inc.’s holdings in Paycom Software were worth $44,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new position in Paycom Software in the 1st quarter worth $32,000. Armstrong Advisory Group Inc. acquired a new position in Paycom Software in the 3rd quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Paycom Software in the 2nd quarter worth $25,000. MFA Wealth Advisors LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PAYC. BMO Capital Markets upped their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday. Barclays upped their target price on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup upped their target price on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $190.80.

Paycom Software Price Performance

NYSE PAYC opened at $210.65 on Friday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $222.30. The firm has a market capitalization of $12.10 billion, a PE ratio of 25.35, a P/E/G ratio of 2.45 and a beta of 1.17. The company’s 50 day simple moving average is $167.57 and its 200 day simple moving average is $163.35.

Paycom Software (NYSE:PAYC) last issued its 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 firm had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. Paycom Software had a net margin of 25.78% and a return on equity of 33.34%. Sell-side analysts anticipate that Paycom Software, Inc. will post 6.64 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Monday, November 25th. Paycom Software’s dividend payout ratio is 18.05%.

Insider Buying and Selling

In related news, insider Bradley Scott Smith sold 1,524 shares of the firm’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 value of $240,212.88. Following the completion of the transaction, the insider now owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Bradley Scott Smith sold 1,524 shares of the firm’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 value of $240,212.88. Following the completion of the transaction, the insider now owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the transaction, the chief executive officer now directly owns 2,750,910 shares of the company’s stock, valued at $474,339,411.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,906 shares of company stock valued at $11,731,540. Company insiders own 14.50% of the company’s stock.

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.