KPP Advisory Services LLC Has $828,000 Stock Position in Paycom Software, Inc. (NYSE:PAYC)

KPP Advisory Services LLC raised its position in Paycom Software, Inc. (NYSE:PAYC) by 32.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,789 shares of the software maker’s stock after acquiring an additional 938 shares during the period. KPP Advisory Services LLC’s holdings in Paycom Software were worth $828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Paycom Software by 129.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 28,954 shares of the software maker’s stock worth $6,326,000 after purchasing an additional 16,357 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of Paycom Software by 13.5% during the first quarter. Phillips Wealth Planners LLC now owns 1,321 shares of the software maker’s stock valued at $285,000 after buying an additional 157 shares during the last quarter. New World Advisors LLC increased its position in shares of Paycom Software by 16.8% during the first quarter. New World Advisors LLC now owns 1,267 shares of the software maker’s stock worth $277,000 after acquiring an additional 182 shares in the last quarter. Golden State Wealth Management LLC increased its position 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 worth $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Paycom Software by 183.3% in the 1st quarter. Spire Wealth Management now owns 1,810 shares of the software maker’s stock worth $396,000 after acquiring an additional 1,171 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the subject of a number of analyst reports. Barclays lifted their price target on Paycom Software from $221.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. BMO Capital Markets lifted their target price on Paycom Software from $215.00 to $244.00 and gave the company a “market perform” rating in a research report on Thursday, May 8th. Stifel Nicolaus upped their target price on shares of Paycom Software from $187.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Piper Sandler boosted their price target on shares of Paycom Software from $224.00 to $246.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $226.90.

Paycom Software Stock Performance

PAYC opened at $222.74 on Thursday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $267.76. The firm has a 50-day moving average of $243.56 and a 200 day moving average of $223.04. The firm has a market cap of $12.89 billion, a P/E ratio of 31.77, a PEG ratio of 2.59 and a beta of 0.81.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 EPS. Equities research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.67%. Paycom Software’s dividend payout ratio is presently 21.40%.

Insider Transactions at Paycom Software

In related 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 completion of the transaction, the insider now directly owns 27,233 shares of the company’s stock, valued at approximately $6,807,160.68. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 890 shares of Paycom Software stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total transaction of $234,256.90. Following the completion of the transaction, the chief operating officer now owns 49,394 shares of the company’s stock, valued at $13,000,994.74. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,016 shares of company stock worth $42,736,608. 10.90% of the stock is owned by company insiders.

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.