Koss Olinger Consulting LLC Has $2.20 Million Stock Position in Paycom Software, Inc. $PAYC

Koss Olinger Consulting LLC lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the software maker’s stock after selling 224 shares during the period. Koss Olinger Consulting LLC’s holdings in Paycom Software were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new position in shares of Paycom Software during the first quarter valued at about $27,000. SouthState Corp acquired a new position in shares of Paycom Software during the first quarter valued at about $27,000. Golden State Wealth Management LLC raised its holdings in shares of Paycom Software by 112.3% during the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock valued at $30,000 after purchasing an additional 73 shares during the period. S Bank Fund Management Ltd bought a new stake in shares of Paycom Software during the first quarter worth about $37,000. Finally, Brooklyn Investment Group increased its position in shares of Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 24,533 shares of the company’s stock, valued at approximately $5,477,482.91. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

Shares of PAYC stock opened at $199.56 on Monday. Paycom Software, Inc. has a 52-week low of $163.75 and a 52-week high of $267.76. The company has a 50-day simple moving average of $214.69 and a two-hundred day simple moving average of $228.49. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.21 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. During the same period in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast 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. Shareholders of record on Monday, August 25th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s dividend payout ratio is presently 20.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp boosted their target price 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. Barclays decreased their target price on shares of Paycom Software from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Paycom Software in a research report on Saturday. Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $243.69.

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.