Applied Finance Capital Management LLC Has $330,000 Stock Holdings in Paycom Software, Inc. $PAYC

Applied Finance Capital Management LLC grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,425 shares of the software maker’s stock after buying an additional 59 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Paycom Software were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PAYC. von Borstel & Associates Inc. acquired a new position in shares of Paycom Software during the first quarter valued at about $27,000. SouthState Corp acquired a new position in shares of Paycom Software during the first quarter valued at about $27,000. Golden State Wealth Management LLC grew its holdings in shares of Paycom Software by 112.3% during the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. S Bank Fund Management Ltd acquired a new position in shares of Paycom Software during the first quarter valued at about $37,000. Finally, Brooklyn Investment Group grew its holdings in shares of Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after buying an additional 39 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Guggenheim assumed 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 on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. KeyCorp lifted their price objective on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paycom Software in a research report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $245.62.

Insider Activity

In other news, insider Bradley Scott Smith sold 1,500 shares of the business’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 sale, the insider owned 24,533 shares of the company’s stock, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.90% of the stock is currently owned by company insiders.

Paycom Software Stock Up 0.1%

NYSE PAYC opened at $200.68 on Friday. The company’s 50 day moving average is $216.27 and its 200-day moving average is $228.23. Paycom Software, Inc. has a 12-month low of $162.62 and a 12-month high of $267.76. The firm has a market cap of $11.62 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

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

Paycom Software Dividend Announcement

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

About Paycom Software

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.