Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 164.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 845 shares of the software maker’s stock after acquiring an additional 525 shares during the period. Trust Co. of Vermont’s holdings in Paycom Software were worth $121,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in Paycom Software during the first quarter worth $26,000. Hexagon Capital Partners LLC raised its position in Paycom Software by 333.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after acquiring an additional 100 shares during the period. Palisade Asset Management LLC acquired a new position in Paycom Software during the first quarter worth $32,000. Transcendent Capital Group LLC acquired a new position in Paycom Software during the fourth quarter worth $41,000. Finally, SYSTM Wealth Solutions LLC raised its position in Paycom Software by 75.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 225 shares of the software maker’s stock worth $45,000 after acquiring an additional 97 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of Paycom Software from $147.00 to $171.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. William Blair reiterated a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.33.

Paycom Software Price Performance

Shares of NYSE PAYC traded up $1.34 during midday trading on Wednesday, hitting $159.74. The company’s stock had a trading volume of 178,895 shares, compared to its average volume of 863,780. The business’s fifty day simple moving average is $150.49 and its two-hundred day simple moving average is $174.66. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $299.00. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, August 26th. Paycom Software’s payout ratio is 18.27%.

Insider Activity

In related news, insider Jason D. Clark sold 906 shares of Paycom Software stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the completion of the transaction, the insider now owns 43,367 shares in the company, valued at $6,227,934.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jason D. Clark sold 906 shares of Paycom Software stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the completion of the transaction, the insider now owns 43,367 shares in the company, valued at $6,227,934.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $180.82, for a total transaction of $352,599.00. Following the sale, the chief executive officer now owns 3,091,958 shares of the company’s stock, valued at approximately $559,087,845.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,787 shares of company stock valued at $9,355,092. 14.50% of the stock is currently owned by company insiders.

Paycom Software Company 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.