Stratos Wealth Advisors LLC Acquires Shares of 11,525 Paycom Software, Inc. (NYSE:PAYC)

Stratos Wealth Advisors LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,525 shares of the software maker's stock, valued at approximately $1,920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PAYC. Empirical Finance LLC increased its holdings in Paycom Software by 3.9% during the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker's stock worth $314,000 after buying an additional 60 shares during the last quarter. Optas LLC increased its holdings in Paycom Software by 6.1% during the first quarter. Optas LLC now owns 1,059 shares of the software maker's stock worth $211,000 after buying an additional 61 shares during the last quarter. Davis Investment Partners LLC increased its holdings in Paycom Software by 1.0% during the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker's stock worth $1,067,000 after buying an additional 64 shares during the last quarter. Andina Capital Management LLC increased its holdings in Paycom Software by 4.5% during the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker's stock worth $227,000 after buying an additional 68 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Paycom Software by 26.7% during the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker's stock worth $54,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insider Transactions at Paycom Software

In other news, insider Bradley Scott Smith sold 1,524 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now owns 294,849 shares of the company's stock, valued at approximately $45,990,547.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,906 shares of company stock worth $11,697,727. 14.50% of the stock is currently owned by insiders.

Paycom Software Stock Performance

PAYC traded up $1.93 on Monday, reaching $167.82. The company had a trading volume of 810,861 shares, compared to its average volume of 816,603. The business has a 50 day simple moving average of $164.19 and a 200 day simple moving average of $164.59. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.33 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $264.70.

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

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.89%. Paycom Software's payout ratio is 18.27%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Paycom Software from $167.00 to $172.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. Jefferies Financial Group cut their target price on shares of 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 reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen increased their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Finally, StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Monday, July 15th. Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $180.17.

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.