Stanley Laman Group Ltd. Decreases Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Stanley Laman Group Ltd. trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC) by 13.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,226 shares of the software maker’s stock after selling 4,497 shares during the quarter. Stanley Laman Group Ltd. owned about 0.05% of Paycom Software worth $4,868,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PAYC. Sylebra Capital LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth approximately $253,196,000. Federated Hermes Inc. increased its holdings in shares of Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after buying an additional 529,591 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Paycom Software by 769.2% during the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock worth $28,803,000 after buying an additional 178,198 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Paycom Software by 12,268.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock worth $242,000 after buying an additional 167,834 shares during the last quarter. Finally, Sather Financial Group Inc acquired a new stake in shares of Paycom Software during the 2nd quarter worth approximately $23,519,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $169.17, for a total transaction of $329,881.50. Following the completion of the transaction, the chief executive officer now directly owns 2,764,560 shares of the company’s stock, valued at $467,680,615.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $169.17, for a total value of $329,881.50. Following the completion of the transaction, the chief executive officer now directly owns 2,764,560 shares of the company’s stock, valued at approximately $467,680,615.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,906 shares of company stock valued at $11,714,516 over the last ninety days. Corporate insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAYC. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Barclays boosted their target price on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen boosted their target price on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group upped their price objective on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday. Seventeen analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $182.25.

Paycom Software Price Performance

NYSE PAYC opened at $166.40 on Wednesday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $264.70. The company has a market capitalization of $9.56 billion, a PE ratio of 20.05, a P/E/G ratio of 2.35 and a beta of 1.17. The company has a fifty day moving average of $164.67 and a two-hundred day moving average of $164.15.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The business had revenue of $437.51 million during the quarter, compared to the consensus estimate of $436.19 million. On average, research analysts expect that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.90%. Paycom Software’s dividend payout ratio is currently 18.07%.

About Paycom Software

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.