Boyd Watterson Asset Management LLC OH Raises Position in Paycom Software, Inc. (NYSE:PAYC)

Boyd Watterson Asset Management LLC OH raised its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 647.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,815 shares of the software maker’s stock after purchasing an additional 9,369 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Paycom Software were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PAYC. International Assets Investment Management LLC boosted its stake in Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after buying an additional 278,529 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Paycom Software by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,398 shares of the software maker’s stock worth $400,000 after acquiring an additional 300 shares in the last quarter. Castleview Partners LLC boosted its position in shares of Paycom Software by 76.8% during the 3rd quarter. Castleview Partners LLC now owns 1,199 shares of the software maker’s stock valued at $200,000 after acquiring an additional 521 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Paycom Software by 9.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,944 shares of the software maker’s stock valued at $5,654,000 after purchasing an additional 2,937 shares in the last quarter. Finally, Raymond James & Associates increased its position in Paycom Software by 20.8% in the third quarter. Raymond James & Associates now owns 243,289 shares of the software maker’s stock worth $40,525,000 after purchasing an additional 41,923 shares during the last quarter. Hedge funds and other 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 firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $163.10, for a total transaction of $318,045.00. Following the transaction, the chief executive officer now owns 3,000,308 shares in the company, valued at approximately $489,350,234.80. 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 this link. In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $163.10, for a total transaction of $318,045.00. Following the transaction, the chief executive officer now directly owns 3,000,308 shares in the company, valued at approximately $489,350,234.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,906 shares of company stock valued at $11,714,516 in the last ninety days. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PAYC. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Jefferies Financial Group lifted their price target on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays boosted their price objective on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, 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. Seventeen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $182.25.

Paycom Software Price Performance

PAYC stock opened at $164.39 on Thursday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $264.70. The firm’s 50-day moving average is $164.85 and its 200 day moving average is $164.16. The company has a market capitalization of $9.44 billion, a PE ratio of 19.81, a P/E/G ratio of 2.35 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $436.19 million. Sell-side analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders 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 0.91%. Paycom Software’s payout ratio is currently 18.07%.

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.