Paycom Software, Inc. $PAYC Shares Newly Acquired by VestGen Advisors LLC

VestGen Advisors LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,991 shares of the software maker’s stock, valued at approximately $433,000.

A number of other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Paycom Software during the 3rd quarter valued at about $28,000. SYM FINANCIAL Corp acquired a new position in Paycom Software during the 3rd quarter valued at about $260,000. Park Avenue Securities LLC acquired a new position in Paycom Software during the 3rd quarter valued at about $208,000. Signaturefd LLC lifted its position in Paycom Software by 3.4% during the 3rd quarter. Signaturefd LLC now owns 2,547 shares of the software maker’s stock valued at $554,000 after purchasing an additional 83 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in Paycom Software during the 3rd quarter valued at about $710,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Down 0.6%

Shares of NYSE:PAYC traded down $1.32 during midday trading on Monday, hitting $236.00. The stock had a trading volume of 1,160,502 shares, compared to its average volume of 1,162,632. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $275.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $238.29 and its 200-day simple moving average is $166.73. The company has a market cap of $10.63 billion, a P/E ratio of 22.61, a PEG ratio of 1.26 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.56. Paycom Software had a return on equity of 52.12% and a net margin of 23.28%. The business had revenue of $543.80 million during the quarter, compared to the consensus estimate of $535.26 million. During the same quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Paycom Software, Inc. will post 10.92 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.3750 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. Paycom Software’s dividend payout ratio (DPR) is currently 14.37%.

Insider Buying and Selling at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the sale, the insider owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets increased their target price on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings raised Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Stifel Nicolaus increased their target price on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Zacks Research cut shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $255.36.

Paycom Software Profile

Paycom Software, Inc. provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management. The company’s platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.