Boston Trust Walden Corp Trims Stake in Paycom Software, Inc. $PAYC

Boston Trust Walden Corp reduced its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,140 shares of the software maker’s stock after selling 39,769 shares during the period. Boston Trust Walden Corp owned about 0.55% of Paycom Software worth $74,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYC. Brighton Jones LLC purchased a new stake in Paycom Software during the fourth quarter valued at approximately $638,000. GAMMA Investing LLC increased its stake in shares of Paycom Software by 54.5% in the first quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $198,000 after purchasing an additional 319 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Paycom Software by 57.1% in the first quarter. SG Americas Securities LLC now owns 2,685 shares of the software maker’s stock worth $587,000 after purchasing an additional 976 shares in the last quarter. CX Institutional purchased a new stake in shares of Paycom Software in the first quarter worth $172,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Paycom Software by 1.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,796 shares of the software maker’s stock worth $5,199,000 after purchasing an additional 367 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is owned by company insiders.

Paycom Software Stock Up 0.8%

PAYC stock opened at $201.49 on Tuesday. Paycom Software, Inc. has a 52 week low of $161.24 and a 52 week high of $267.76. The company has a fifty day simple moving average of $218.42 and a two-hundred day simple moving average of $228.90. The firm has a market capitalization of $11.66 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business had revenue of $483.60 million during the quarter, compared to analyst estimates of $472.00 million. During the same quarter last year, the business earned $1.62 earnings per share. Paycom Software’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were given 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 0.7%. Paycom Software’s dividend payout ratio (DPR) is 20.30%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAYC shares. BMO Capital Markets increased their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Guggenheim assumed coverage on shares of Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 target price for the company. TD Cowen upgraded 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. Finally, 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. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $245.62.

Paycom Software 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.