Diversify Advisory Services LLC Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Diversify Advisory Services LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,541 shares of the software maker’s stock, valued at approximately $256,000.

A number of other institutional investors have also recently bought and sold shares of PAYC. Pallas Capital Advisors LLC lifted its holdings in shares of Paycom Software by 63.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,152 shares of the software maker’s stock valued at $521,000 after buying an additional 1,228 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after acquiring an additional 905 shares in the last quarter. Custom Index Systems LLC lifted its stake in Paycom Software by 21.5% in the third quarter. Custom Index Systems LLC now owns 2,914 shares of the software maker’s stock valued at $485,000 after acquiring an additional 516 shares during the last quarter. State of Alaska Department of Revenue grew its position in Paycom Software by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 5,595 shares of the software maker’s stock worth $931,000 after acquiring an additional 380 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in shares of Paycom Software during the 3rd quarter worth $1,770,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 0.8 %

PAYC stock opened at $210.65 on Friday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $222.30. The firm has a market cap of $12.10 billion, a PE ratio of 25.35, a P/E/G ratio of 2.45 and a beta of 1.17. The business’s 50-day moving average price is $167.57 and its two-hundred day moving average price is $163.35.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 25.78% and a return on equity of 33.34%. The firm had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. On average, analysts forecast that Paycom Software, Inc. will post 6.64 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio is presently 18.05%.

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of analyst reports. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Barclays increased their price target on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Jefferies Financial Group raised their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.80.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the transaction, the chief executive officer now owns 2,750,910 shares in the company, valued at approximately $474,339,411.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Craig E. Boelte sold 11,882 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the transaction, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the transaction, the chief executive officer now owns 2,750,910 shares in the company, valued at approximately $474,339,411.30. 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 have sold 71,906 shares of company stock worth $11,731,540. Corporate insiders own 14.50% of the company’s stock.

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.