Signaturefd LLC Sells 196 Shares of Paycom Software, Inc. $PAYC

Signaturefd LLC cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,054 shares of the software maker’s stock after selling 196 shares during the period. Signaturefd LLC’s holdings in Paycom Software were worth $244,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Patton Fund Management Inc. bought a new position in Paycom Software in the second quarter worth approximately $262,000. Hartford Investment Management Co. raised its position in Paycom Software by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,945 shares of the software maker’s stock worth $681,000 after acquiring an additional 67 shares during the period. Dakota Wealth Management raised its position in Paycom Software by 16.6% in the second quarter. Dakota Wealth Management now owns 25,869 shares of the software maker’s stock worth $5,986,000 after acquiring an additional 3,676 shares during the period. Castleview Partners LLC raised its position in Paycom Software by 42.1% in the second quarter. Castleview Partners LLC now owns 1,506 shares of the software maker’s stock worth $348,000 after acquiring an additional 446 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Paycom Software by 9.0% in the second quarter. Public Employees Retirement System of Ohio now owns 17,347 shares of the software maker’s stock worth $4,014,000 after acquiring an additional 1,437 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the transaction, the insider directly owned 24,533 shares of the company’s stock, valued at $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 10.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cantor Fitzgerald upgraded shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. KeyCorp increased their price objective on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. BMO Capital Markets increased their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. UBS Group reduced their price objective on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $241.77.

Paycom Software Stock Performance

PAYC opened at $201.56 on Friday. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.19 and a beta of 0.82. The company has a fifty day moving average of $222.84 and a 200 day moving average of $229.65. Paycom Software, Inc. has a fifty-two week low of $159.82 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its earnings results 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 net margin of 21.22% and a return on equity of 25.40%. The company had revenue of $483.60 million during the quarter, compared to analysts’ expectations of $472.00 million. During the same period last year, the company posted $1.62 earnings per share. Paycom Software’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Paycom Software, Inc. will post 7.15 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 8th. Shareholders 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 of this dividend was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

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.