Stratos Wealth Advisors LLC Sells 231 Shares of Paycom Software, Inc. $PAYC

Stratos Wealth Advisors LLC lowered its position in Paycom Software, Inc. (NYSE:PAYC) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,156 shares of the software maker’s stock after selling 231 shares during the period. Stratos Wealth Advisors LLC’s holdings in Paycom Software were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PAYC. von Borstel & Associates Inc. bought a new stake in Paycom Software in the first quarter worth about $27,000. SouthState Corp bought a new stake in Paycom Software in the first quarter worth about $27,000. 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 during the period. S Bank Fund Management Ltd purchased a new position in shares of Paycom Software during the first quarter worth approximately $37,000. Finally, Brooklyn Investment Group increased its position in shares of Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after acquiring an additional 39 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAYC shares. UBS Group reduced their target price on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. KeyCorp raised their target price on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. Jefferies Financial Group reduced their target price on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Guggenheim started coverage on shares of Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $245.62.

Insiders Place Their Bets

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Up 0.1%

Shares of PAYC stock opened at $200.68 on Friday. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 2.20 and a beta of 0.82. The company’s 50 day moving average is $216.27 and its 200 day moving average is $228.23. Paycom Software, Inc. has a 52-week low of $162.62 and a 52-week high of $267.76.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.28. The company had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. Paycom Software’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. Analysts anticipate 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, September 8th. Shareholders of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is 20.30%.

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.