Vident Advisory LLC Purchases Shares of 1,187 Paycom Software, Inc. $PAYC

Vident Advisory LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,187 shares of the software maker’s stock, valued at approximately $259,000.

A number of other large investors have also added to or reduced their stakes in PAYC. Brighton Jones LLC bought a new stake in Paycom Software in the 4th quarter valued at $638,000. Bank of America Corp DE raised its stake in Paycom Software by 22.6% in the 4th quarter. Bank of America Corp DE now owns 272,784 shares of the software maker’s stock valued at $55,912,000 after acquiring an additional 50,357 shares during the period. Deutsche Bank AG raised its stake in Paycom Software by 7.0% in the 4th quarter. Deutsche Bank AG now owns 221,229 shares of the software maker’s stock valued at $45,345,000 after acquiring an additional 14,396 shares during the period. Focus Partners Wealth bought a new stake in Paycom Software in the 4th quarter valued at $252,000. Finally, Graham Capital Management L.P. bought a new stake in Paycom Software in the 4th quarter valued at $839,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $249.96, for a total value of $374,940.00. Following the sale, the insider directly owned 27,233 shares in the company, valued at approximately $6,807,160.68. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Down 0.9%

NYSE:PAYC opened at $222.26 on Wednesday. The stock’s 50-day simple moving average is $227.53 and its 200 day simple moving average is $229.54. The firm has a market capitalization of $12.86 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 2.46 and a beta of 0.81. Paycom Software, Inc. has a twelve month low of $158.03 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. During the same period last year, the firm posted $1.62 earnings per share. Paycom Software’s revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

Analyst Ratings Changes

A number of research firms recently weighed in on PAYC. Barclays increased their price target on Paycom Software from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Cantor Fitzgerald started coverage on Paycom Software in a research report on Thursday, August 14th. They set a “neutral” rating and a $230.00 price objective on the stock. KeyCorp raised their price target on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets raised their price target on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $234.36.

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.