Mount Yale Investment Advisors LLC Sells 987 Shares of Paycom Software, Inc. (NYSE:PAYC)

Mount Yale Investment Advisors LLC reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 12.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,998 shares of the software maker’s stock after selling 987 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Paycom Software were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PAYC. Ashton Thomas Private Wealth LLC bought a new stake in Paycom Software during the 2nd quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of Paycom Software during the second quarter valued at about $26,000. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software in the third quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software in the 2nd quarter worth $27,000. Finally, Palisade Asset Management LLC purchased a new stake in Paycom Software in the first quarter valued at about $32,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Trading Down 0.4 %

Shares of PAYC stock opened at $164.60 on Friday. The company has a market capitalization of $9.45 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.35 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $253.33. The business’s 50 day moving average is $165.06 and its two-hundred day moving average is $163.90.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.13 by $0.07. The company had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. On average, research analysts predict that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s payout ratio is 18.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. TD Cowen raised their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Jefferies Financial Group lifted their price target on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $182.25.

Insiders Place Their Bets

In other news, CFO Craig E. Boelte sold 11,882 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.63, for a total transaction of $303,478.50. Following the transaction, the chief executive officer now directly owns 2,978,858 shares in the company, valued at $463,599,670.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the sale, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 71,906 shares of company stock worth $11,716,837. Corporate insiders own 14.50% of the company’s stock.

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.