Sax Wealth Advisors LLC Buys 2,071 Shares of Paycom Software, Inc. $PAYC

Sax Wealth Advisors LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,071 shares of the software maker’s stock, valued at approximately $451,000.

A number of other large investors also recently made changes to their positions in PAYC. NorthCrest Asset Manangement LLC lifted its position in shares of Paycom Software by 92.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,845 shares of the software maker’s stock valued at $654,000 after buying an additional 1,363 shares during the last quarter. Wedmont Private Capital bought a new position in shares of Paycom Software during the 3rd quarter worth $389,000. Diversified Management Inc. purchased a new stake in Paycom Software in the 3rd quarter worth about $328,000. GAMMA Investing LLC increased its holdings in Paycom Software by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,886 shares of the software maker’s stock worth $628,000 after acquiring an additional 447 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Paycom Software by 68.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,418 shares of the software maker’s stock worth $526,000 after acquiring an additional 985 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, insider Shane Hadlock sold 241 shares of the company’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 sale, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 13.20% of the stock is currently owned by company insiders.

Paycom Software Price Performance

NYSE PAYC opened at $251.94 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $252.87. The stock has a 50-day moving average of $226.04 and a 200 day moving average of $168.04. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.30 and a beta of 0.82. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 EPS. On average, sell-side analysts forecast that Paycom Software, Inc. will post 10.64 EPS for the current year.

Paycom Software Dividend Announcement

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

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research reports. BTIG Research increased their target price on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their target price on shares of Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Barclays boosted their price target on shares of Paycom Software from $210.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday. BMO Capital Markets boosted their price target on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $219.79.

Paycom Software Company Profile

Paycom Software, Inc develops and provides cloud-based human capital management (HCM) software for businesses. Its platform is designed to help employers manage payroll and other workforce processes through a unified system, reducing the need for separate applications and manual data entry.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, talent management, employee benefits administration, expense management, and workforce analytics.