1,789 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by Tectonic Advisors LLC

Tectonic Advisors LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) during the third quarter, according to its most recent filing with the SEC. The fund purchased 1,789 shares of the software maker’s stock, valued at approximately $298,000.

Several other hedge funds have also bought and sold shares of the stock. Sylebra Capital LLC bought a new position in shares of Paycom Software during the 1st quarter valued at approximately $253,196,000. Federated Hermes Inc. grew its stake in shares of Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after buying an additional 529,591 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after buying an additional 278,529 shares during the last quarter. Raymond James & Associates raised its position in shares of Paycom Software by 769.2% during the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock valued at $28,803,000 after buying an additional 178,198 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Paycom Software by 12,268.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock valued at $242,000 after acquiring an additional 167,834 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $167.97, for a total transaction of $327,541.50. Following the completion of the sale, the chief executive officer now directly owns 2,994,458 shares of the company’s stock, valued at approximately $502,979,110.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now owns 14,769 shares in the company, valued at $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,906 shares of company stock valued at $11,716,837. Company insiders own 14.50% of the company’s stock.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $164.63 on Friday. The stock has a 50 day moving average price of $165.06 and a 200 day moving average price of $163.60. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.35 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $253.33.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. Paycom Software’s dividend payout ratio is currently 18.07%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Barclays lifted their price objective on shares of Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. TD Cowen increased their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $182.25.

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.