Paycom Software, Inc. $PAYC Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 45.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,197 shares of the software maker’s stock after selling 995 shares during the period. Atria Wealth Solutions Inc.’s holdings in Paycom Software were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after purchasing an additional 39 shares during the period. Commerce Bank lifted its position in Paycom Software by 2.2% in the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock worth $514,000 after purchasing an additional 50 shares during the period. Allworth Financial LP lifted its position in Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock worth $105,000 after purchasing an additional 53 shares during the period. US Bancorp DE lifted its position in Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after purchasing an additional 57 shares during the period. Finally, Burns Matteson Capital Management LLC lifted its position 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 worth $513,000 after purchasing an additional 58 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In other Paycom Software 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 sale, the insider directly owned 24,533 shares of the company’s stock, valued at $5,477,482.91. The trade was a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Up 3.0%

Shares of NYSE:PAYC opened at $207.15 on Wednesday. The company’s fifty day moving average is $215.73 and its two-hundred day moving average is $228.28. Paycom Software, Inc. has a 12-month low of $162.62 and a 12-month high of $267.76. The company has a market cap of $11.99 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last announced 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. 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 the consensus estimate of $472.00 million. During the same period in the previous year, the business earned $1.62 EPS. The company’s revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company 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. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s payout ratio is 20.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAYC shares. Guggenheim started coverage on Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 price objective for the company. Jefferies Financial Group cut their price objective on Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Monday, October 13th. TD Cowen upgraded Paycom Software from a “hold” rating to a “buy” rating and increased their price objective for the company from $246.00 to $258.00 in a research report on Monday, September 22nd. UBS Group cut their price objective on Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Finally, KeyCorp increased their price objective on Paycom Software from $285.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $243.69.

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.