Paycom Software, Inc. $PAYC Stock Purchased by Leuthold Group LLC

Leuthold Group LLC boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,816 shares of the software maker’s stock after buying an additional 6,198 shares during the period. Leuthold Group LLC’s holdings in Paycom Software were worth $6,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fluent Financial LLC acquired a new stake in shares of Paycom Software during the second quarter valued at approximately $2,439,000. Principal Financial Group Inc. lifted its position in shares of Paycom Software by 290.5% in the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after acquiring an additional 181,346 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Paycom Software in the 3rd quarter valued at approximately $2,790,000. Greenwich Wealth Management LLC purchased a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $5,118,000. Finally, Corient Private Wealth LP acquired a new position in Paycom Software in the 2nd quarter worth approximately $10,803,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $236.00 on Tuesday. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.43 and a beta of 0.75. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $275.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The business has a fifty day simple moving average of $238.23 and a 200 day simple moving average of $167.17.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, November 4th. The software maker reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.56. Paycom Software had a return on equity of 47.97% and a net margin of 23.28%. The firm had revenue of $543.80 million for the quarter, compared to the consensus estimate of $535.26 million. During the same quarter in the previous year, the company posted $1.94 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Paycom Software, Inc. will post 10.92 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, November 23rd. Paycom Software’s payout ratio is currently 14.37%.

Analysts Set New Price Targets

Several research firms have weighed in on PAYC. Wall Street Zen upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America initiated coverage on shares of Paycom Software in a research note on Tuesday, September 29th. They set an “underperform” rating and a $200.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday. Guggenheim raised their target price on Paycom Software from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group raised their target price on Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $255.36.

Insider Activity

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 value of $57,856.87. Following the completion of the sale, the insider owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.20% of the stock is currently owned by corporate insiders.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management.

The company’s platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.