Paycom Software, Inc. $PAYC Shares Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 109,991 shares of the software maker’s stock after acquiring an additional 2,901 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Paycom Software were worth $25,452,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group lifted its stake in Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after acquiring an additional 39 shares during the last quarter. Commerce Bank lifted its stake in Paycom Software by 2.2% in the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after acquiring an additional 50 shares during the last quarter. Allworth Financial LP lifted its stake in Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock valued at $105,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE lifted its stake in Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock valued at $2,277,000 after acquiring an additional 57 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its stake in Paycom Software by 2.5% in the first quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock valued at $513,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of the business’s 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 transaction, the insider owned 24,533 shares of the company’s stock, valued at approximately $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 10.90% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the subject of a number of analyst reports. Guggenheim initiated coverage on shares of Paycom Software in a research note on Friday, September 26th. They issued a “buy” rating and a $270.00 target price for the company. UBS Group reduced their target price on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Jefferies Financial Group reduced their target price on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $245.62.

Paycom Software Stock Down 0.3%

NYSE:PAYC opened at $199.94 on Thursday. Paycom Software, Inc. has a 12 month low of $161.24 and a 12 month high of $267.76. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 2.20 and a beta of 0.82. The company’s 50 day moving average is $217.50 and its 200-day moving average is $228.50.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. Paycom Software’s dividend payout ratio (DPR) is currently 20.30%.

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.