Mount Yale Investment Advisors LLC Increases Holdings in Paycom Software, Inc. (NYSE:PAYC)

Mount Yale Investment Advisors LLC grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 110.8% in the first quarter, Holdings Channel reports. The firm owned 4,381 shares of the software maker’s stock after buying an additional 2,303 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Paycom Software were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. HBK Sorce Advisory LLC increased its holdings in shares of Paycom Software by 5.9% in the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock worth $204,000 after purchasing an additional 55 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Paycom Software by 3.9% in the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after purchasing an additional 60 shares in the last quarter. Optas LLC increased its holdings in shares of Paycom Software by 6.1% in the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after purchasing an additional 61 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of Paycom Software by 7.9% in the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after purchasing an additional 64 shares in the last quarter. Finally, Court Place Advisors LLC grew its holdings in shares of Paycom Software by 3.3% in the fourth quarter. Court Place Advisors LLC now owns 2,065 shares of the software maker’s stock worth $427,000 after acquiring an additional 65 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAYC. BMO Capital Markets cut their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. Mizuho cut their price target on Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $236.38.

Insider Transactions at Paycom Software

In other news, EVP Amy Vickroy sold 1,381 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $143.39, for a total value of $198,021.59. Following the sale, the executive vice president now directly owns 19,962 shares in the company, valued at $2,862,351.18. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Paycom Software news, insider Jason D. Clark sold 906 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $143.61, for a total transaction of $130,110.66. Following the transaction, the insider now directly owns 43,367 shares in the company, valued at approximately $6,227,934.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy Vickroy sold 1,381 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $143.39, for a total value of $198,021.59. Following the transaction, the executive vice president now owns 19,962 shares in the company, valued at $2,862,351.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,987 shares of company stock worth $8,072,635. 14.50% of the stock is currently owned by company insiders.

Paycom Software Trading Up 1.2 %

Shares of NYSE:PAYC traded up $1.96 during mid-day trading on Tuesday, reaching $166.19. The stock had a trading volume of 27,608 shares, compared to its average volume of 840,757. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $374.04. The business’s 50 day moving average price is $151.58 and its 200 day moving average price is $175.76. The company has a market cap of $9.66 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $2.29. The business had revenue of $499.88 million during the quarter, compared to analyst estimates of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. Analysts predict that Paycom Software, Inc. will post 6.36 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.90%. Paycom Software’s payout ratio is 18.27%.

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.