MGO One Seven LLC Increases Stock Holdings in Paycom Software, Inc. $PAYC

MGO One Seven LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 10.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,667 shares of the software maker’s stock after acquiring an additional 153 shares during the quarter. MGO One Seven LLC’s holdings in Paycom Software were worth $386,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in shares of Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after purchasing an additional 39 shares during the period. Commerce Bank boosted its holdings in Paycom Software by 2.2% in the 1st quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock worth $514,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP increased its stake in Paycom Software by 12.9% during the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock worth $105,000 after buying an additional 53 shares in the last quarter. US Bancorp DE raised its holdings in shares of Paycom Software by 0.5% during the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock valued at $2,277,000 after acquiring an additional 57 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its position in shares of Paycom Software by 2.5% in the first quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock valued at $513,000 after acquiring an additional 58 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $200.68 on Friday. Paycom Software, Inc. has a fifty-two week low of $162.62 and a fifty-two week high of $267.76. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 2.20 and a beta of 0.82. The stock has a 50 day moving average of $216.27 and a 200 day moving average of $228.30.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software’s dividend payout ratio is 20.30%.

Analyst Ratings Changes

PAYC has been the subject of several research reports. BMO Capital Markets boosted their price target on Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. UBS Group reduced their target price on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Barclays boosted their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, KeyCorp upped their price target on Paycom Software from $285.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.62.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software 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 of the company’s stock, valued at approximately $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.90% of the stock is currently owned by corporate insiders.

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.