KPP Advisory Services LLC Purchases 85 Shares of Paycom Software, Inc. $PAYC

KPP Advisory Services LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,874 shares of the software maker’s stock after purchasing an additional 85 shares during the quarter. KPP Advisory Services LLC’s holdings in Paycom Software were worth $896,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PUREfi Wealth LLC increased its stake in Paycom Software by 16.6% during the 2nd quarter. PUREfi Wealth LLC now owns 2,188 shares of the software maker’s stock valued at $506,000 after purchasing an additional 311 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Paycom Software by 43.3% during the second quarter. QRG Capital Management Inc. now owns 3,464 shares of the software maker’s stock valued at $802,000 after buying an additional 1,047 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Paycom Software by 3.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,426 shares of the software maker’s stock worth $1,950,000 after acquiring an additional 315 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Paycom Software in the 2nd quarter worth about $1,624,000. Finally, Philip James Wealth Mangement LLC bought a new position in Paycom Software in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Paycom Software in a report on Saturday, September 27th. KeyCorp upped their price target on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Cantor Fitzgerald upgraded Paycom Software to a “hold” rating in a research note on Thursday, September 11th. Guggenheim assumed coverage on shares of Paycom Software in a research note on Friday, September 26th. They issued a “buy” rating and a $270.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $241.77.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Up 0.4%

Paycom Software stock opened at $202.17 on Monday. The company has a market capitalization of $11.70 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.22 and a beta of 0.82. The firm has a 50 day moving average price of $222.11 and a 200-day moving average price of $229.73. Paycom Software, Inc. has a twelve month low of $159.82 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 EPS 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 the consensus estimate of $472.00 million. During the same quarter in the prior year, the business earned $1.62 earnings per share. Paycom Software’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

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

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.