4,241 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by Willis Investment Counsel

Willis Investment Counsel acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,241 shares of the software maker’s stock, valued at approximately $706,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Paycom Software by 29.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock valued at $12,848,000 after buying an additional 14,670 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Paycom Software by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock valued at $11,790,000 after acquiring an additional 8,927 shares during the period. Sylebra Capital LLC purchased a new stake in shares of Paycom Software during the 1st quarter worth approximately $253,196,000. Profund Advisors LLC bought a new stake in shares of Paycom Software in the 2nd quarter worth approximately $589,000. Finally, Congress Asset Management Co. MA lifted its stake in Paycom Software by 2.6% in the first quarter. Congress Asset Management Co. MA now owns 510,428 shares of the software maker’s stock valued at $101,580,000 after purchasing an additional 13,031 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their target price on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen increased their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Citigroup dropped their price target on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $180.17.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $162.50 on Monday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $278.23. The firm has a market cap of $9.44 billion, a PE ratio of 19.79, a PEG ratio of 2.31 and a beta of 1.17. The company has a 50 day simple moving average of $163.44 and a two-hundred day simple moving average of $165.78.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The company had revenue of $437.51 million during 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%. As a group, research analysts anticipate that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.92%. Paycom Software’s payout ratio is 18.27%.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $160.11, for a total value of $312,214.50. Following the transaction, the chief executive officer now owns 3,013,958 shares in the company, valued at $482,564,815.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $160.11, for a total transaction of $312,214.50. Following the transaction, the chief executive officer now directly owns 3,013,958 shares in the company, valued at $482,564,815.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred 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 in the company, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,956 shares of company stock valued at $11,342,924 over the last quarter. 14.50% of the stock is owned by corporate insiders.

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.