Laird Norton Wetherby Wealth Management LLC Sells 59 Shares of Paycom Software, Inc. (NYSE:PAYC)

Laird Norton Wetherby Wealth Management LLC decreased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,139 shares of the software maker’s stock after selling 59 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Paycom Software were worth $438,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PAYC. Lighthouse Investment Partners LLC purchased a new stake in Paycom Software in the 4th quarter valued at about $2,105,000. Jefferies Financial Group Inc. increased its stake in Paycom Software by 70.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 10,392 shares of the software maker’s stock valued at $2,130,000 after buying an additional 4,294 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Paycom Software in the 4th quarter valued at about $839,000. Focus Partners Wealth purchased a new stake in Paycom Software in the 4th quarter valued at about $252,000. Finally, Fiduciary Trust Co increased its stake in Paycom Software by 1.6% in the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker’s stock valued at $921,000 after buying an additional 71 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PAYC shares. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Piper Sandler raised their price target on shares of Paycom Software from $224.00 to $246.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Barclays raised their price target on shares of Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, May 8th. Finally, KeyCorp raised their price target on shares of Paycom Software from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $226.90.

Paycom Software Price Performance

PAYC opened at $256.30 on Friday. The company has a fifty day moving average price of $221.45 and a 200-day moving average price of $217.17. The firm has a market capitalization of $14.83 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $261.64.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS 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 analyst estimates of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. On average, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 annualized dividend and a yield of 0.59%. Paycom Software’s dividend payout ratio (DPR) is presently 21.40%.

Insider Buying and Selling

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,526 shares of company stock worth $37,450,796. Corporate insiders own 10.90% of the company’s stock.

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.