Dillon & Associates Inc. Has $14.20 Million Stock Holdings in Paycom Software, Inc. $PAYC

Dillon & Associates Inc. boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 3.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 61,457 shares of the software maker’s stock after buying an additional 2,016 shares during the period. Paycom Software makes up 1.9% of Dillon & Associates Inc.’s portfolio, making the stock its 17th largest holding. Dillon & Associates Inc.’s holdings in Paycom Software were worth $14,197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brooklyn Investment Group grew its stake in Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after buying an additional 39 shares during the last quarter. Commerce Bank grew its stake in Paycom Software by 2.2% in the 1st quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP grew its stake in Paycom Software by 12.9% in the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock valued at $105,000 after buying an additional 53 shares during the last quarter. US Bancorp DE grew its stake in Paycom Software by 0.5% in the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock valued at $2,277,000 after buying an additional 57 shares during the last quarter. Finally, Burns Matteson Capital Management LLC grew its stake in Paycom Software by 2.5% in the 1st quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock valued at $513,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAYC. JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. KeyCorp increased 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. BMO Capital Markets increased their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. UBS Group decreased 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. Finally, Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $243.69.

Insider Activity

In related news, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the sale, the insider owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Down 1.2%

PAYC stock opened at $184.89 on Tuesday. The business has a 50 day moving average price of $210.15 and a two-hundred day moving average price of $227.47. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.07 and a beta of 0.88. Paycom Software, Inc. has a twelve month low of $182.88 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The firm had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

About Paycom Software

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.