6,198 Paycom Software, Inc. $PAYC Shares Acquired by Leuthold Group LLC

Leuthold Group LLC boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 25.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,816 shares of the software maker’s stock after buying an additional 6,198 shares during the period. Leuthold Group LLC owned 0.07% of Paycom Software worth $6,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its position in shares of Paycom Software by 0.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 6,240 shares of the software maker’s stock worth $1,358,000 after buying an additional 40 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Paycom Software by 1.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker’s stock worth $642,000 after acquiring an additional 42 shares during the period. Archford Capital Strategies LLC boosted its holdings in shares of Paycom Software by 1.1% in the second quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker’s stock valued at $589,000 after acquiring an additional 49 shares in the last quarter. CX Institutional boosted its holdings in shares of Paycom Software by 4.7% in the third quarter. CX Institutional now owns 1,399 shares of the software maker’s stock valued at $304,000 after acquiring an additional 63 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Paycom Software by 2.6% in the third quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker’s stock valued at $585,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $236.00 on Tuesday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $275.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average of $238.23 and a two-hundred day moving average of $167.17. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.43 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.56. Paycom Software had a net margin of 23.28% and a return on equity of 47.97%. The company had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $535.26 million. During the same quarter in the previous year, the company posted $1.94 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Paycom Software, Inc. will post 10.92 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be issued a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 23rd. Paycom Software’s dividend payout ratio (DPR) is presently 14.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PAYC shares. Barclays boosted their target price on Paycom Software from $210.00 to $250.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Cantor Fitzgerald increased their price target on Paycom Software from $195.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Bank of America initiated coverage on Paycom Software in a research note on Tuesday, September 29th. They set an “underperform” rating and a $200.00 price target for the company. Wall Street Zen upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup dropped their price objective on Paycom Software from $279.00 to $264.00 and set a “neutral” rating on the stock in a research note on Friday. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $255.36.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Shane Hadlock sold 2,577 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the transaction, the insider owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.20% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management.

The company’s platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.