Americana Partners LLC Acquires 1,104 Shares of Paycom Software, Inc. (NYSE:PAYC)

Americana Partners LLC increased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 51.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,230 shares of the software maker’s stock after purchasing an additional 1,104 shares during the quarter. Americana Partners LLC’s holdings in Paycom Software were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PAYC. Sylebra Capital LLC acquired a new position in Paycom Software during the 1st quarter worth approximately $253,196,000. Federated Hermes Inc. boosted its position in Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after acquiring an additional 529,591 shares during the last quarter. International Assets Investment Management LLC boosted its position in Paycom Software by 9,997.5% during the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after acquiring an additional 278,529 shares during the last quarter. Raymond James & Associates boosted its position in Paycom Software by 769.2% during the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock worth $28,803,000 after acquiring an additional 178,198 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Paycom Software by 12,268.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock worth $242,000 after acquiring an additional 167,834 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $210.65 on Friday. The business has a fifty day simple moving average of $167.57 and a two-hundred day simple moving average of $163.35. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $222.30. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.45 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. Paycom Software had a return on equity of 33.34% and a net margin of 25.78%. The business had revenue of $437.51 million during the quarter, compared to the consensus estimate of $436.19 million. As a group, equities analysts anticipate that Paycom Software, Inc. will post 6.64 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s payout ratio is 18.05%.

Insiders Place Their Bets

In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now owns 14,769 shares in the company, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $158.31, for a total transaction of $308,704.50. Following the transaction, the chief executive officer now owns 2,984,708 shares in the company, valued at $472,509,123.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now owns 14,769 shares in the company, valued at $2,327,889.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,906 shares of company stock worth $11,731,540 in the last 90 days. Company insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday. TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Citigroup increased their price objective on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group increased their price objective on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $190.80.

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.