Atria Wealth Solutions Inc. Has $277,000 Stock Holdings in Paycom Software, Inc. $PAYC

Atria Wealth Solutions Inc. cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 45.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,197 shares of the software maker’s stock after selling 995 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Paycom Software were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vest Financial LLC increased its stake in shares of Paycom Software by 6.7% in the second quarter. Vest Financial LLC now owns 173,153 shares of the software maker’s stock worth $40,068,000 after acquiring an additional 10,873 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Paycom Software by 10.1% in the second quarter. MGO One Seven LLC now owns 1,667 shares of the software maker’s stock worth $386,000 after acquiring an additional 153 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Paycom Software by 19.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,214 shares of the software maker’s stock worth $1,444,000 after acquiring an additional 1,027 shares during the last quarter. Aberdeen Group plc increased its stake in shares of Paycom Software by 192.8% in the second quarter. Aberdeen Group plc now owns 10,299 shares of the software maker’s stock worth $2,383,000 after acquiring an additional 6,781 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Paycom Software by 4.1% in the second quarter. Blair William & Co. IL now owns 2,018 shares of the software maker’s stock worth $467,000 after acquiring an additional 79 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Jefferies Financial Group decreased their price objective on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a report on Monday, October 13th. Guggenheim assumed coverage on shares of Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective for the company. Barclays decreased their price objective on shares of Paycom Software from $250.00 to $225.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, KeyCorp upped their price objective on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $243.69.

Paycom Software Stock Up 3.0%

Shares of PAYC stock opened at $207.15 on Wednesday. Paycom Software, Inc. has a 12 month low of $162.62 and a 12 month high of $267.76. The firm has a market cap of $11.99 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The stock has a 50 day moving average of $215.73 and a 200-day moving average of $228.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million for the quarter, compared to the consensus estimate of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. Paycom Software’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $1.62 earnings per share. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were paid a $0.375 dividend. The ex-dividend date was Monday, August 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

Insider Activity

In other news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.90% of the company’s stock.

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.