Dillon & Associates Inc. Has $7.28 Million Holdings in Paycom Software Inc (PAYC)
Dillon & Associates Inc. boosted its position in shares of Paycom Software Inc (NYSE:PAYC) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,515 shares of the software maker’s stock after buying an additional 520 shares during the period. Paycom Software makes up approximately 2.4% of Dillon & Associates Inc.’s investment portfolio, making the stock its 17th largest position. Dillon & Associates Inc.’s holdings in Paycom Software were worth $7,279,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PAYC. Capital Investment Advisory Services LLC bought a new position in Paycom Software in the 4th quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC bought a new position in Paycom Software in the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC raised its holdings in Paycom Software by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares during the last quarter. CWM LLC bought a new position in Paycom Software in the 1st quarter valued at approximately $45,000. Finally, First Bank & Trust raised its holdings in Paycom Software by 300.8% in the 4th quarter. First Bank & Trust now owns 485 shares of the software maker’s stock valued at $59,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
In other news, COO Jon Evans sold 2,047 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $200.30, for a total transaction of $410,014.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley Scott Smith sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $181.53, for a total transaction of $471,978.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,020 shares of company stock valued at $3,448,236. Insiders own 16.09% of the company’s stock.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.07). The company had revenue of $199.90 million for the quarter, compared to analyst estimates of $195.53 million. Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, sell-side analysts expect that Paycom Software Inc will post 2.6 earnings per share for the current fiscal year.
Several research firms have issued reports on PAYC. Barclays raised their price target on shares of Paycom Software from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Zacks Investment Research lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. KeyCorp raised their price target on shares of Paycom Software from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their price target on shares of Paycom Software to $139.00 and gave the stock a “market perform” rating in a report on Monday, February 4th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Paycom Software presently has an average rating of “Hold” and a consensus price target of $185.69.
Paycom Software Company Profile
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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