Transcendent Capital Group LLC Makes New $41,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Transcendent Capital Group LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 200 shares of the software maker’s stock, valued at approximately $41,000.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Paycom Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock worth $1,503,592,000 after buying an additional 32,038 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after acquiring an additional 180,202 shares during the period. Brown Capital Management LLC boosted its holdings in shares of Paycom Software by 10.1% in the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock worth $228,642,000 after acquiring an additional 101,744 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Paycom Software by 6.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker’s stock worth $172,316,000 after acquiring an additional 50,879 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after acquiring an additional 782,962 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Price Performance

Paycom Software stock traded up $1.79 during mid-day trading on Friday, hitting $142.78. The company’s stock had a trading volume of 795,572 shares, compared to its average volume of 858,268. The business has a 50 day moving average price of $173.84 and a 200-day moving average price of $186.38. Paycom Software, Inc. has a 12 month low of $140.12 and a 12 month high of $374.04. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm had revenue of $499.88 million for the quarter, compared to analysts’ expectations of $495.89 million. On average, equities research analysts expect that Paycom Software, Inc. will post 6.26 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.05%. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.

Analyst Ratings Changes

A number of research firms have recently commented on PAYC. Citigroup cut their price target on Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. raised their price target on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. William Blair reissued a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Finally, BMO Capital Markets dropped their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $246.31.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $179.78, for a total transaction of $350,571.00. Following the completion of the sale, the chief executive officer now directly owns 3,090,008 shares in the company, valued at $555,521,638.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $179.78, for a total transaction of $350,571.00. Following the completion of the sale, the chief executive officer now directly owns 3,090,008 shares in the company, valued at $555,521,638.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason D. Clark sold 906 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $143.61, for a total transaction of $130,110.66. Following the sale, the insider now owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,837 shares of company stock valued at $3,152,298. 14.50% of the stock is currently owned by insiders.

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.