Schaper Benz & Wise Investment Counsel Inc. WI Reduces Stake in Paycom Software, Inc. (NYSE:PAYC)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,947 shares of the software maker's stock after selling 6,074 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Paycom Software were worth $4,155,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Paycom Software in the second quarter worth approximately $25,000. Mather Group LLC. purchased a new stake in Paycom Software in the 1st quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in Paycom Software during the 2nd quarter valued at $26,000. Armstrong Advisory Group Inc. purchased a new position in Paycom Software during the 3rd quarter worth $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paycom Software in the 2nd quarter worth $27,000. Institutional investors own 87.77% of the company's stock.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $158.27, for a total transaction of $308,626.50. Following the transaction, the chief executive officer now owns 3,008,108 shares of the company's stock, valued at approximately $476,093,253.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $158.27, for a total transaction of $308,626.50. Following the completion of the sale, the chief executive officer now directly owns 3,008,108 shares in the company, valued at $476,093,253.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares in the company, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,906 shares of company stock valued at $11,684,077 over the last quarter. 14.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Monday, July 15th. Jefferies Financial Group decreased their price target on Paycom Software from $170.00 to $145.00 and set a "hold" rating for the company in a research report on Monday, June 24th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen increased their target price on Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Finally, Barclays raised their price target on Paycom Software from $167.00 to $172.00 and gave the stock an "equal weight" rating in a 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $180.17.

Paycom Software Price Performance

PAYC stock traded up $0.64 during midday trading on Friday, reaching $165.89. The company had a trading volume of 376,637 shares, compared to its average volume of 587,069. The firm has a 50-day moving average price of $164.19 and a 200-day moving average price of $164.59. The company has a market capitalization of $9.64 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.33 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $272.33.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The business had revenue of $437.51 million for the quarter, compared to analysts' expectations of $436.19 million. On average, equities analysts predict that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. Paycom Software's payout ratio is 18.27%.

Paycom Software Company 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.