Schaper Benz & Wise Investment Counsel Inc. WI Has $4.16 Million Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 19.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 24,947 shares of the software maker’s stock after selling 6,074 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Paycom Software were worth $4,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mather Group LLC. acquired a new position in shares of Paycom Software during the 1st quarter worth approximately $26,000. Palisade Asset Management LLC bought a new position in Paycom Software during the first quarter worth $32,000. Armstrong Advisory Group Inc. acquired a new position in shares of Paycom Software in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Paycom Software in the second quarter valued at about $25,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth about $26,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $171.30, for a total value of $334,035.00. Following the completion of the transaction, the chief executive officer now owns 2,805,060 shares of the company’s stock, valued at approximately $480,506,778. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Craig E. Boelte sold 11,882 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $171.30, for a total value of $334,035.00. Following the completion of the transaction, the chief executive officer now directly owns 2,805,060 shares of the company’s stock, valued at approximately $480,506,778. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock worth $11,684,077 over the last 90 days. Insiders own 14.50% of the company’s stock.

Paycom Software Trading Up 0.4 %

Shares of NYSE:PAYC opened at $165.89 on Friday. The stock has a market capitalization of $9.64 billion, a PE ratio of 20.21, a PEG ratio of 2.33 and a beta of 1.17. The firm has a 50 day moving average of $164.19 and a 200-day moving average of $164.83. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $272.33.

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

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAYC. Barclays upped their price target on shares of Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Jefferies Financial Group lowered their target price on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. TD Cowen boosted their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price of $180.17.

Paycom Software Profile

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.