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

Willis Investment Counsel raised its stake in Paycom Software, Inc. (NYSE:PAYC) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,082 shares of the software maker’s stock after acquiring an additional 2,462 shares during the quarter. Willis Investment Counsel owned approximately 0.09% of Paycom Software worth $9,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Financial Services LLC purchased a new position in shares of Paycom Software during the third quarter valued at approximately $333,000. Abel Hall LLC acquired a new stake in Paycom Software during the 3rd quarter worth approximately $302,000. SteelPeak Wealth LLC purchased a new position in shares of Paycom Software in the 3rd quarter valued at $268,000. IFP Advisors Inc lifted its stake in shares of Paycom Software by 342.6% during the third quarter. IFP Advisors Inc now owns 1,558 shares of the software maker’s stock worth $339,000 after purchasing an additional 1,206 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new position in Paycom Software during the 3rd quarter worth approximately $25,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shane Hadlock sold 2,577 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total transaction of $612,295.20. Following the sale, the insider directly owned 70,152 shares of the company’s stock, valued at $16,668,115.20. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.20% of the stock is owned by insiders.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $9.17 on Tuesday, hitting $262.17. The company had a trading volume of 316,192 shares, compared to its average volume of 1,185,198. The business has a 50-day simple moving average of $227.57 and a 200-day simple moving average of $169.88. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $11.82 billion, a PE ratio of 27.86, a PEG ratio of 1.35 and a beta of 0.82. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $262.94.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data 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 company had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts expect that Paycom Software, Inc. will post 10.80 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Weiss Ratings upgraded Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Citigroup raised their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Bank of America began coverage on Paycom Software in a report on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price target for the company. Finally, Zacks Research lowered shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $219.79.

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.