9,867 Paycom Software, Inc. $PAYC Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 1,483.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,532 shares of the software maker’s stock after acquiring an additional 9,867 shares during the period. Nisa Investment Advisors LLC’s holdings in Paycom Software were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its stake in Paycom Software by 1.1% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker’s stock worth $589,000 after buying an additional 49 shares during the last quarter. CX Institutional lifted its stake in Paycom Software by 4.7% in the third quarter. CX Institutional now owns 1,399 shares of the software maker’s stock valued at $304,000 after buying an additional 63 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Paycom Software by 2.6% during the third quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker’s stock valued at $585,000 after acquiring an additional 69 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Paycom Software by 76.5% during the third quarter. Elevation Wealth Partners LLC now owns 233 shares of the software maker’s stock valued at $51,000 after acquiring an additional 101 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Paycom Software by 32.1% during the first quarter. EverSource Wealth Advisors LLC now owns 424 shares of the software maker’s stock valued at $52,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Shane Hadlock sold 241 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the sale, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Guggenheim lifted their price objective on shares of Paycom Software from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Citigroup boosted their target price on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. TD Cowen upped their target price on shares of Paycom Software from $244.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Finally, Barclays upped their target price on shares of Paycom Software from $210.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $225.14.

Paycom Software Stock Performance

Shares of PAYC opened at $274.64 on Friday. The firm has a market capitalization of $12.38 billion, a PE ratio of 29.19, a P/E/G ratio of 1.47 and a beta of 0.82. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $231.72 and a 200 day moving average price of $173.62. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $275.22.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 10.80 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.

Paycom Software Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.