Paycom Software, Inc. $PAYC Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in Paycom Software, Inc. (NYSE:PAYC) by 18.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,970 shares of the software maker’s stock after selling 4,571 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Paycom Software were worth $4,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Paycom Software during the 4th quarter worth $638,000. AQR Capital Management LLC lifted its stake in shares of Paycom Software by 23.7% in the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after purchasing an additional 3,674 shares during the period. United Services Automobile Association purchased a new stake in Paycom Software during the first quarter worth about $215,000. Empowered Funds LLC grew its position in Paycom Software by 22.8% during the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after buying an additional 1,480 shares during the period. Finally, Focus Partners Wealth increased its holdings in Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after buying an additional 2,712 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 2.9%

Shares of PAYC stock opened at $147.80 on Tuesday. The company has a market cap of $8.32 billion, a PE ratio of 18.38, a P/E/G ratio of 1.56 and a beta of 0.82. The company’s fifty day simple moving average is $159.25 and its 200-day simple moving average is $193.27. Paycom Software, Inc. has a 52 week low of $142.88 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. Equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio is currently 18.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $175.00 price target on shares of Paycom Software in a research report on Friday, January 16th. Jefferies Financial Group reduced their target price on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. BTIG Research started coverage on Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price target for the company. Finally, UBS Group reduced their target price on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $209.64.

Insider Activity

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.90% of the stock is owned by corporate insiders.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.