Shaker Investments LLC OH Sells 3,679 Shares of Paycom Software, Inc. $PAYC

Shaker Investments LLC OH lowered its position in Paycom Software, Inc. (NYSE:PAYC) by 25.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,619 shares of the software maker’s stock after selling 3,679 shares during the period. Shaker Investments LLC OH’s holdings in Paycom Software were worth $2,210,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC grew its holdings in shares of Paycom Software by 16.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,519 shares of the software maker’s stock valued at $1,357,000 after purchasing an additional 938 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in Paycom Software during the third quarter valued at about $226,000. Blue Trust Inc. grew its stake in shares of Paycom Software by 540.6% during the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock valued at $43,000 after buying an additional 173 shares during the last quarter. Avanza Fonder AB increased its holdings in shares of Paycom Software by 83.9% in the third quarter. Avanza Fonder AB now owns 3,934 shares of the software maker’s stock worth $819,000 after buying an additional 1,795 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Paycom Software by 7.9% in the 3rd quarter. Pacer Advisors Inc. now owns 4,204 shares of the software maker’s stock valued at $875,000 after acquiring an additional 307 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PAYC has been the topic of several recent research reports. Citigroup reduced their price target on Paycom Software from $191.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Guggenheim began coverage on shares of Paycom Software in a research note on Friday, September 26th. They issued a “buy” rating and a $270.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $221.00.

Paycom Software Trading Up 0.1%

Shares of Paycom Software stock opened at $160.49 on Friday. Paycom Software, Inc. has a 12-month low of $156.50 and a 12-month high of $267.76. The company has a market cap of $9.03 billion, a P/E ratio of 19.96, a PEG ratio of 1.74 and a beta of 0.84. The company’s fifty day simple moving average is $171.26 and its two-hundred day simple moving average is $205.35.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same period in the previous year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.