Paycom Software, Inc. $PAYC Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,555 shares of the software maker’s stock after selling 163 shares during the period. Yousif Capital Management LLC’s holdings in Paycom Software were worth $1,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAYC. Kingsview Wealth Management LLC boosted its holdings in Paycom Software by 8.4% in the first quarter. Kingsview Wealth Management LLC now owns 1,478 shares of the software maker’s stock valued at $323,000 after purchasing an additional 114 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Paycom Software by 57.1% during the 1st quarter. SG Americas Securities LLC now owns 2,685 shares of the software maker’s stock valued at $587,000 after buying an additional 976 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Paycom Software by 54.5% during the 1st quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $198,000 after buying an additional 319 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Paycom Software during the first quarter worth approximately $690,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Paycom Software by 15.6% in the first quarter. Exchange Traded Concepts LLC now owns 1,007 shares of the software maker’s stock worth $220,000 after buying an additional 136 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider owned 24,533 shares of the company’s stock, valued at $5,477,482.91. This trade 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 the SEC website. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Stock Up 0.1%

Shares of PAYC stock opened at $200.68 on Monday. The company has a market cap of $11.62 billion, a P/E ratio of 27.16, a PEG ratio of 2.20 and a beta of 0.82. The business has a 50 day moving average of $216.27 and a two-hundred day moving average of $228.40. Paycom Software, Inc. has a 52 week low of $162.62 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business had revenue of $483.60 million for the quarter, compared to the consensus estimate of $472.00 million. During the same quarter last year, the business posted $1.62 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. Paycom Software’s payout ratio is 20.30%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAYC. UBS Group dropped 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 report on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Guggenheim initiated coverage on Paycom Software in a research note on Friday, September 26th. They set a “buy” rating and a $270.00 price objective on the stock. KeyCorp lifted their target price on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Barclays boosted their price target on Paycom Software from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s 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 Company 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.