2,462 Paycom Software, Inc. $PAYC Shares Purchased by Willis Investment Counsel

Willis Investment Counsel boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,082 shares of the software maker’s stock after purchasing an additional 2,462 shares during the period. Willis Investment Counsel’s holdings in Paycom Software were worth $9,159,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Paycom Software during the second quarter valued at about $632,460,000. Bank of New York Mellon Corp bought a new position in shares of Paycom Software during the 2nd quarter worth about $42,858,000. Equity Investment Corp acquired a new position in Paycom Software in the 2nd quarter valued at approximately $37,085,000. Bank of America Corp DE acquired a new position in shares of Paycom Software in the second quarter valued at $34,146,000. Finally, Reinhart Partners LLC. raised its stake in shares of Paycom Software by 20.1% in the 2nd quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after buying an additional 204,191 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Zacks Research lowered Paycom Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BTIG Research increased their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Guggenheim boosted their target price on Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $219.79.

Paycom Software Stock Up 3.6%

PAYC traded up $9.17 during trading on Tuesday, reaching $262.17. 316,192 shares of the stock were exchanged, compared to its average volume of 1,185,198. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $227.57 and its two-hundred day moving average price is $169.88. The stock has a market cap of $11.82 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $262.94.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The business had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter last year, the company posted $2.06 earnings per share. Paycom Software’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Paycom Software, Inc. will post 10.80 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.

Insider Activity

In other news, insider Shane Hadlock sold 241 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the sale, the insider owned 69,911 shares in the company, valued at $16,783,533.77. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.20% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.