HCR Wealth Advisors Purchases Shares of 634 Paycom Software, Inc. (NYSE:PAYC)

HCR Wealth Advisors purchased a new position in Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 634 shares of the software maker’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. boosted its position in Paycom Software by 244.7% in the second quarter. Jupiter Asset Management Ltd. now owns 100,232 shares of the software maker’s stock valued at $32,194,000 after buying an additional 71,155 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Paycom Software by 225.2% in the 2nd quarter. US Bancorp DE now owns 73,093 shares of the software maker’s stock valued at $23,480,000 after acquiring an additional 50,619 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Paycom Software by 23.9% in the second quarter. Private Advisor Group LLC now owns 1,349 shares of the software maker’s stock worth $433,000 after acquiring an additional 260 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 281,738 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 4,718 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Paycom Software by 35.7% during the second quarter. Citigroup Inc. now owns 57,496 shares of the software maker’s stock valued at $18,470,000 after purchasing an additional 15,122 shares during the period. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other Paycom Software news, Director Jason D. Clark sold 130 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $287.36, for a total value of $37,356.80. Following the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,428,179.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Paycom Software news, Director Jason D. Clark sold 130 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $287.36, for a total value of $37,356.80. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,428,179.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J C. Watts, Jr. purchased 314 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $159.20 per share, with a total value of $49,988.80. Following the acquisition, the director now directly owns 6,864 shares in the company, valued at $1,092,748.80. The disclosure for this purchase can be found here. 14.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PAYC has been the topic of several analyst reports. Credit Suisse Group increased their price target on Paycom Software from $375.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer reiterated a “market perform” rating on shares of Paycom Software in a research report on Wednesday, November 1st. KeyCorp lowered Paycom Software from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 1st. UBS Group assumed coverage on shares of Paycom Software in a report on Tuesday, November 7th. They set a “buy” rating and a $235.00 target price for the company. Finally, Robert W. Baird lowered their price target on shares of Paycom Software from $443.00 to $427.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $273.12.

Paycom Software Price Performance

NYSE:PAYC opened at $173.65 on Friday. The stock has a 50 day moving average of $241.56 and a two-hundred day moving average of $283.57. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04. The firm has a market cap of $10.46 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $1.77 EPS for the quarter, topping the consensus estimate of $1.61 by $0.16. The firm had revenue of $406.30 million during the quarter, compared to analysts’ expectations of $411.17 million. Paycom Software had a return on equity of 25.02% and a net margin of 20.80%. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. On average, analysts expect that Paycom Software, Inc. will post 6.03 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.86%. Paycom Software’s payout ratio is presently 25.64%.

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.