Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its holdings in Paycom Software, Inc. (NYSE:PAYC) by 12.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,256 shares of the software maker’s stock after selling 3,536 shares during the period. Toronto Dominion Bank’s holdings in Paycom Software were worth $3,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC increased its stake in shares of Paycom Software by 3.9% in the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares during the last quarter. Optas LLC raised its stake in Paycom Software by 6.1% during the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after purchasing an additional 61 shares during the period. Wahed Invest LLC boosted its holdings in Paycom Software by 7.9% in the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after purchasing an additional 64 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of Paycom Software by 4.5% during the 2nd quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after buying an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Paycom Software by 1.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after acquiring an additional 79 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAYC. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Citigroup decreased their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Barclays upped their target price on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, TD Cowen boosted their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $179.75.

Paycom Software Stock Up 0.2 %

Shares of NYSE PAYC opened at $167.80 on Monday. The business has a 50-day moving average price of $163.26 and a 200 day moving average price of $167.82. The stock has a market cap of $9.64 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $279.96.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $437.51 million during 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%. Sell-side analysts anticipate that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Announces Dividend

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

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $143.30, for a total transaction of $279,435.00. Following the transaction, the chief executive officer now owns 3,031,508 shares of the company’s stock, valued at $434,415,096.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $143.30, for a total transaction of $279,435.00. Following the completion of the sale, the chief executive officer now directly owns 3,031,508 shares of the company’s stock, valued at approximately $434,415,096.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the transaction, the chief financial officer now directly owns 294,849 shares in the company, valued at approximately $45,990,547.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,906 shares of company stock valued at $11,419,364. Insiders own 14.50% of the company’s stock.

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.