Aristides Capital LLC Makes New Investment in Paycom Software, Inc. $PAYC

Key Points

• Aristides Capital LLC has acquired 1,289 shares of Paycom Software, valued at approximately $282,000, during the first quarter.
• Various hedge funds have also shown interest, with the largest new investment being from Caisse DE Depot ET Placement DU Quebec, acquiring shares worth $422,000.
• Paycom Software's stock has a current rating average of "Hold," with a target price raised to $235.00 by JPMorgan Chase & Co.

Aristides Capital LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,289 shares of the software maker's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Brooklyn Investment Group increased its position in Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock worth $52,000 after buying an additional 39 shares in the last quarter. Commerce Bank boosted its stake in shares of Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker's stock valued at $514,000 after acquiring an additional 50 shares during the last quarter. Allworth Financial LP increased its position in Paycom Software by 12.9% during the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker's stock worth $105,000 after purchasing an additional 53 shares in the last quarter. US Bancorp DE raised its stake in Paycom Software by 0.5% in the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker's stock valued at $2,277,000 after purchasing an additional 57 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in Paycom Software by 4.9% in the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock valued at $270,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Trading Down 0.9%

NYSE:PAYC traded down $2.08 on Thursday, hitting $225.81. 524,324 shares of the stock were exchanged, compared to its average volume of 723,928. The stock has a fifty day moving average of $228.57 and a 200-day moving average of $228.71. The stock has a market cap of $13.07 billion, a PE ratio of 30.56, a PEG ratio of 2.49 and a beta of 0.81. Paycom Software, Inc. has a fifty-two week low of $153.08 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business had revenue of $483.60 million during the quarter, compared to analysts' expectations of $472.00 million. During the same quarter in the previous year, the business earned $1.62 EPS. The company's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. Paycom Software's dividend payout ratio is presently 20.30%.

Insider Activity

In related news, CEO Chad R. Richison sold 23,200 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $265.20, for a total value of $6,152,640.00. Following the completion of the sale, the chief executive officer directly owned 3,224,049 shares in the company, valued at approximately $855,017,794.80. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Randall Peck sold 890 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the transaction, the chief operating officer owned 49,394 shares in the company, valued at approximately $13,000,994.74. This represents a 1.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,590 shares of company stock valued at $6,761,837. Company insiders own 10.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PAYC shares. Barclays lifted their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Paycom Software from $215.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. BMO Capital Markets increased their price target on Paycom Software from $244.00 to $258.00 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. KeyCorp raised their price objective on Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus lifted their price objective on Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $234.36.

About Paycom Software

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.