Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its position in Paycom Software, Inc. (NYSE:PAYC) by 63.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,152 shares of the software maker’s stock after acquiring an additional 1,228 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Paycom Software were worth $521,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Paycom Software by 29.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock valued at $12,848,000 after acquiring an additional 14,670 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Paycom Software by 17.7% in 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 in the last quarter. Sylebra Capital LLC acquired a new position in Paycom Software in the 1st quarter valued at about $253,196,000. Profund Advisors LLC acquired a new position in Paycom Software in the 2nd quarter valued at about $589,000. Finally, BOKF NA grew its position in shares of Paycom Software by 453.0% during the first quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after buying an additional 7,552 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Trading Up 2.9 %

PAYC stock opened at $172.42 on Thursday. The company has a market capitalization of $9.90 billion, a P/E ratio of 20.77, a PEG ratio of 2.34 and a beta of 1.17. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $247.42. The business has a 50 day simple moving average of $165.64 and a 200-day simple moving average of $162.91.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $437.51 million during the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Research analysts predict that Paycom Software, Inc. will post 6.64 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, November 25th. Paycom Software’s payout ratio is currently 18.07%.

Insider Activity

In other news, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the sale, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the sale, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,906 shares of company stock valued at $11,714,536. 12.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAYC shares. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen boosted their price objective on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Jefferies Financial Group boosted their price objective on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Seventeen research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $182.25.

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.