Paycom Software, Inc. $PAYC Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,322 shares of the software maker's stock after selling 11,170 shares during the quarter. Boston Trust Walden Corp owned approximately 0.66% of Paycom Software worth $64,277,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC grew its holdings in Paycom Software by 23.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,081 shares of the software maker's stock worth $1,944,000 after acquiring an additional 1,365 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Paycom Software during the 3rd quarter worth about $48,000. Associated Banc Corp acquired a new position in Paycom Software during the 3rd quarter valued at about $11,261,000. Bridge City Capital LLC lifted its position in Paycom Software by 62.1% during the 3rd quarter. Bridge City Capital LLC now owns 23,677 shares of the software maker's stock valued at $5,153,000 after purchasing an additional 9,071 shares during the period. Finally, Greenleaf Trust acquired a new position in Paycom Software during the 3rd quarter valued at about $204,000. Institutional investors own 87.77% of the company's stock.

Insider Buying and Selling at Paycom Software

In related news, insider Shane Hadlock sold 2,577 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider directly owned 70,152 shares of the company's stock, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Paycom Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Citigroup lowered their target price on Paycom Software from $279.00 to $264.00 and set a "neutral" rating for the company in a research note on Friday. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday. Barclays increased their target price on Paycom Software from $210.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 13th. Finally, KeyCorp increased their target price on Paycom Software from $295.00 to $297.00 and gave the stock an "overweight" rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $255.36.

Paycom Software Stock Down 0.6%

Shares of PAYC traded down $1.32 during mid-day trading on Monday, hitting $236.00. 1,160,502 shares of the company's stock were exchanged, compared to its average volume of 1,162,632. The company has a market cap of $10.63 billion, a PE ratio of 22.61, a P/E/G ratio of 1.26 and a beta of 0.75. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $275.22. The company has a 50-day simple moving average of $238.29 and a 200 day simple moving average of $166.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.56. Paycom Software had a net margin of 23.28% and a return on equity of 52.12%. The business had revenue of $543.80 million during the quarter, compared to analysts' expectations of $535.26 million. During the same period last year, the business earned $1.94 earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that Paycom Software, Inc. will post 10.92 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be paid a $0.3750 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. Paycom Software's dividend payout ratio (DPR) is currently 14.37%.

About Paycom Software

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.