Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 11,325 Shares of Paycom Software, Inc. $PAYC

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 949,410 shares of the software maker’s stock after selling 11,325 shares during the period. Paycom Software accounts for approximately 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 19th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Paycom Software were worth $190,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ethic Inc. acquired a new position in shares of Paycom Software in the 2nd quarter worth approximately $566,000. Aviva PLC grew its position in Paycom Software by 65.2% during the 2nd quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock worth $7,897,000 after acquiring an additional 13,473 shares during the last quarter. United Asset Strategies Inc. bought a new position in Paycom Software in the 2nd quarter valued at $877,000. Hussman Strategic Advisors Inc. bought a new position in shares of Paycom Software in the 2nd quarter worth $2,916,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Paycom Software by 88.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,658 shares of the software maker’s stock worth $3,392,000 after purchasing an additional 6,866 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PAYC. TD Cowen lowered their target price on Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a report on Thursday. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Jefferies Financial Group cut their target price on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Barclays decreased their price target on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Finally, BTIG Research started coverage on shares of Paycom Software in a research report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average price target of $219.86.

Paycom Software Stock Down 0.4%

PAYC opened at $157.13 on Monday. Paycom Software, Inc. has a 12-month low of $151.74 and a 12-month high of $267.76. The business has a 50 day moving average of $163.37 and a 200-day moving average of $199.41. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.61 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a yield of 1.0%. Paycom Software’s dividend payout ratio is presently 18.66%.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.