Paycom Software, Inc. $PAYC Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in Paycom Software, Inc. (NYSE:PAYC) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 949,410 shares of the software maker’s stock after selling 11,325 shares during the period. Paycom Software makes up 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 19th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 1.64% of Paycom Software worth $190,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PAYC. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the second quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software in the 3rd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software during the 2nd quarter valued at about $33,000. Blue Trust Inc. lifted its holdings in shares of Paycom Software by 540.6% during the 3rd quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock worth $43,000 after acquiring an additional 173 shares during the period. Finally, Assetmark Inc. grew its holdings in Paycom Software by 651.9% in the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction 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. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $157.13 on Monday. The firm’s 50-day simple moving average is $163.37 and its 200-day simple moving average is $199.41. Paycom Software, Inc. has a 1 year low of $151.74 and a 1 year high of $267.76. The firm has a market cap of $8.84 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly 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 firm had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same quarter last year, the firm posted $1.67 earnings per share. Paycom Software’s revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a yield of 1.0%. Paycom Software’s dividend payout ratio is presently 18.66%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday. BTIG Research started coverage on shares of Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price target on the stock. Guggenheim initiated coverage on shares of Paycom Software in a research report on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective for the company. KeyCorp cut their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $219.86.

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.