Arkadios Wealth Advisors Grows Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Arkadios Wealth Advisors boosted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,287 shares of the software maker’s stock after buying an additional 541 shares during the quarter. Arkadios Wealth Advisors’ holdings in Paycom Software were worth $1,592,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. von Borstel & Associates Inc. acquired a new stake in shares of Paycom Software in the 1st quarter worth $27,000. Golden State Wealth Management LLC boosted its holdings in Paycom Software by 112.3% in the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Paycom Software by 135.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Paycom Software in the 1st quarter valued at about $35,000. 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 120,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the completion of the sale, the chief executive officer owned 3,307,249 shares of the company’s stock, valued at $805,381,276.48. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $249.96, for a total transaction of $374,940.00. Following the sale, the insider directly owned 27,233 shares in the company, valued at $6,807,160.68. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,016 shares of company stock worth $42,736,608. Company insiders own 10.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PAYC shares. Barclays raised their price target on Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Stifel Nicolaus boosted their target price on Paycom Software from $187.00 to $215.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. KeyCorp raised their price objective on Paycom Software from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. BMO Capital Markets upped their target price on shares of Paycom Software from $215.00 to $244.00 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Finally, Piper Sandler lifted their price objective on Paycom Software from $224.00 to $246.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $226.90.

Paycom Software Stock Down 2.2%

PAYC opened at $226.53 on Friday. The stock’s 50 day moving average price is $239.49 and its two-hundred day moving average price is $226.32. The firm has a market capitalization of $13.10 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. Paycom Software, Inc. has a 12-month low of $152.46 and a 12-month high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The company had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 earnings per share. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. Paycom Software’s dividend payout ratio is presently 21.40%.

Paycom Software Company 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.