3,103 Shares in Paycom Software, Inc. $PAYC Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,103 shares of the software maker’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. bought a new position in Paycom Software in the second quarter worth $2,916,000. Montanaro Asset Management Ltd lifted its position in Paycom Software by 205.3% in the second quarter. Montanaro Asset Management Ltd now owns 57,500 shares of the software maker’s stock worth $13,306,000 after purchasing an additional 38,665 shares during the period. Sigma Planning Corp bought a new position in Paycom Software in the second quarter worth $538,000. State of Michigan Retirement System lifted its position in Paycom Software by 3.6% in the second quarter. State of Michigan Retirement System now owns 14,273 shares of the software maker’s stock worth $3,303,000 after purchasing an additional 500 shares during the period. Finally, Tredje AP fonden lifted its position in Paycom Software by 50.2% in the second quarter. Tredje AP fonden now owns 6,357 shares of the software maker’s stock worth $1,471,000 after purchasing an additional 2,125 shares during the period. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the sale, the insider directly 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 filing with the SEC, which is available through this link. Company insiders own 10.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets increased their price objective on Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. KeyCorp increased their price objective on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Guggenheim assumed coverage on Paycom Software in a research note on Friday, September 26th. They set a “buy” rating and a $270.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price objective on Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $243.69.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $184.89 on Tuesday. Paycom Software, Inc. has a twelve month low of $182.88 and a twelve month high of $267.76. The firm has a market cap of $10.70 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.88. The business has a fifty day moving average of $210.15 and a 200-day moving average of $227.47.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The company had revenue of $483.60 million during the quarter, compared to analyst estimates of $472.00 million. During the same period last year, the company posted $1.62 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. Paycom Software’s dividend payout ratio (DPR) is 20.30%.

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.