Intellectus Partners LLC Sells 96 Shares of Paycom Software, Inc. (NYSE:PAYC)

Intellectus Partners LLC reduced its position in Paycom Software, Inc. (NYSE:PAYC) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 2,254 shares of the software maker’s stock after selling 96 shares during the quarter. Intellectus Partners LLC’s holdings in Paycom Software were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAYC. Glass Jacobson Investment Advisors llc raised its stake in shares of Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Paycom Software in the fourth quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker’s stock worth $33,000 after purchasing an additional 87 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Paycom Software during the fourth quarter worth $39,000. Finally, IFP Advisors Inc lifted its holdings in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PAYC shares. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, May 8th. BMO Capital Markets boosted their price target on Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Wall Street Zen cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Barclays boosted their target price on shares of Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $226.90.

Paycom Software Stock Up 0.7%

Paycom Software stock opened at $265.69 on Friday. The stock has a 50-day moving average price of $234.68 and a 200 day moving average price of $221.85. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. The company had revenue of $530.50 million during the quarter, compared to analyst estimates of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Paycom Software’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.59 EPS. Research 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, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.56%. Paycom Software’s dividend payout ratio is presently 21.40%.

Insider Activity at Paycom Software

In other news, COO Randall Peck sold 890 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total transaction of $234,256.90. Following the sale, the chief operating officer now owns 49,394 shares of the company’s stock, valued at $13,000,994.74. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chad R. Richison sold 23,200 shares of Paycom Software stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $265.20, for a total transaction of $6,152,640.00. Following the transaction, the chief executive officer now directly owns 3,224,049 shares of the company’s stock, valued at approximately $855,017,794.80. This trade represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 173,516 shares of company stock worth $42,964,698 over the last three months. Company 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.