Hantz Financial Services Inc. Sells 2,648 Shares of Paycom Software, Inc. $PAYC

Hantz Financial Services Inc. lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,016 shares of the software maker’s stock after selling 2,648 shares during the quarter. Hantz Financial Services Inc. owned 0.07% of Paycom Software worth $9,954,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of Paycom Software in the 1st quarter worth $27,000. SouthState Corp bought a new stake in Paycom Software in the 1st quarter worth about $27,000. Golden State Wealth Management LLC grew its position in Paycom Software by 112.3% in the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. S Bank Fund Management Ltd bought a new stake in Paycom Software in the 1st quarter worth about $37,000. Finally, Brooklyn Investment Group grew its holdings 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 acquiring an additional 39 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 24,533 shares of the company’s stock, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

PAYC stock opened at $185.17 on Friday. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.06 and a beta of 0.82. Paycom Software, Inc. has a fifty-two week low of $184.72 and a fifty-two week high of $267.76. The stock has a fifty day moving average of $212.00 and a 200-day moving average of $227.78.

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

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 annualized dividend and a yield of 0.8%. Paycom Software’s dividend payout ratio (DPR) is 20.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reduced their target price on Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Jefferies Financial Group reduced 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. Guggenheim initiated coverage on shares of Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 price target for the company. Finally, Barclays reduced their price target on shares of Paycom Software from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $243.69.

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.