Xponance Inc. Sells 2,008 Shares of Paycom Software, Inc. (NYSE:PAYC)

Xponance Inc. lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 17.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,650 shares of the software maker’s stock after selling 2,008 shares during the period. Xponance Inc.’s holdings in Paycom Software were worth $1,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAYC. ARK & TLK Investments LLC bought a new position in Paycom Software during the 4th quarter valued at approximately $2,260,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock valued at $12,848,000 after purchasing an additional 14,670 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Paycom Software by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock valued at $11,790,000 after purchasing an additional 8,927 shares during the last quarter. Norges Bank bought a new position in Paycom Software during the 4th quarter valued at approximately $6,670,000. Finally, Sylebra Capital LLC bought a new position in Paycom Software during the 1st quarter valued at approximately $253,196,000. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on PAYC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Barclays upped their target price on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Citigroup reduced their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, TD Cowen upped their target price on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $179.75.

Paycom Software Stock Up 0.1 %

Paycom Software stock opened at $167.70 on Friday. The company has a market capitalization of $9.75 billion, a P/E ratio of 20.43, a PEG ratio of 2.44 and a beta of 1.17. The stock’s 50 day moving average is $163.07 and its 200 day moving average is $168.07. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $279.96.

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

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.89%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $142.43, for a total transaction of $277,738.50. Following the transaction, the chief executive officer now directly owns 3,035,408 shares of the company’s stock, valued at approximately $432,333,161.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares in the company, valued at $2,327,889.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,856 shares of company stock valued at $11,697,103. 14.50% of the stock is owned by corporate insiders.

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.