Lafayette Investments Inc. Boosts Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Lafayette Investments Inc. boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,539 shares of the software maker’s stock after acquiring an additional 3,174 shares during the period. Lafayette Investments Inc.’s holdings in Paycom Software were worth $4,587,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sylebra Capital LLC lifted its holdings in shares of Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after acquiring an additional 685,190 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Paycom Software by 9.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock worth $152,925,000 after acquiring an additional 92,049 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Paycom Software by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock valued at $124,709,000 after buying an additional 79,299 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after buying an additional 529,591 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Paycom Software by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker’s stock valued at $65,122,000 after buying an additional 26,934 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE:PAYC traded up $1.32 during trading hours on Thursday, hitting $165.71. 25,102 shares of the company were exchanged, compared to its average volume of 808,557. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.35 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $258.18. The company’s 50 day moving average price is $164.85 and its 200-day moving average price is $164.16.

Paycom Software (NYSE:PAYC) last released 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. The company had revenue of $437.51 million for 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, equities analysts predict that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, August 26th. Paycom Software’s payout ratio is 18.07%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the completion of the transaction, the chief executive officer now owns 2,978,858 shares of the company’s stock, valued at approximately $463,599,670.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,906 shares of company stock worth $11,714,516. Company insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

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

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.