Sather Financial Group Inc Trims Stock Position in Paycom Software, Inc. $PAYC

Sather Financial Group Inc reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 242,484 shares of the software maker’s stock after selling 19,259 shares during the quarter. Paycom Software makes up approximately 3.3% of Sather Financial Group Inc’s portfolio, making the stock its 11th biggest position. Sather Financial Group Inc’s holdings in Paycom Software were worth $56,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PAYC. Baillie Gifford & Co. increased its position in Paycom Software by 1,918.4% during the 1st quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock valued at $346,180,000 after purchasing an additional 1,505,990 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Paycom Software in the 1st quarter worth about $114,440,000. Nuveen LLC purchased a new stake in shares of Paycom Software in the 1st quarter worth about $26,177,000. Robeco Institutional Asset Management B.V. grew its position in shares of Paycom Software by 322.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 122,394 shares of the software maker’s stock worth $28,322,000 after buying an additional 93,440 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Paycom Software by 30.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 363,949 shares of the software maker’s stock worth $79,516,000 after buying an additional 85,526 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider owned 24,533 shares in the company, valued at approximately $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

PAYC opened at $199.87 on Friday. The stock has a market capitalization of $11.57 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.19 and a beta of 0.82. The company’s 50-day simple moving average is $218.98 and its two-hundred day simple moving average is $228.99. Paycom Software, Inc. has a 52-week low of $161.24 and a 52-week high of $267.76.

Paycom Software (NYSE:PAYCGet Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. Research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, August 25th. This represents a $1.50 annualized dividend and a yield of 0.8%. Paycom Software’s dividend payout ratio is currently 20.30%.

Analysts Set New Price Targets

PAYC has been the topic of a number of recent research reports. TD Cowen raised shares of Paycom Software from a “hold” rating to a “buy” rating and upped their target price for the stock from $246.00 to $258.00 in a research report on Monday, September 22nd. KeyCorp upped their target price on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Guggenheim initiated coverage on shares of Paycom Software in a research report on Friday, September 26th. They issued a “buy” rating and a $270.00 target price on the stock. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paycom Software in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and a consensus price target of $241.77.

Check Out Our Latest Research Report on Paycom Software

Paycom Software Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software, Inc. (NYSE:PAYCFree Report).

Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.