Copperwynd Financial LLC Sells 1,480 Shares of Paycom Software, Inc. $PAYC

Key Points

• Copperwynd Financial LLC reduced its stake in Paycom Software, Inc. by 25.4%, selling 1,480 shares, resulting in holdings valued at approximately $1,007,000.
• Several institutional investors adjusted their positions, with Clear Creek Financial Management increasing its stake by 6.3% and KLP Kapitalforvaltning AS growing its holdings by 17.6% in the second quarter.
• Paycom Software reported $483.60 million in revenue for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.375 per share with a dividend yield of 0.7%.

Copperwynd Financial LLC lessened its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,351 shares of the software maker's stock after selling 1,480 shares during the period. Copperwynd Financial LLC's holdings in Paycom Software were worth $1,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Clear Creek Financial Management LLC raised its position in Paycom Software by 6.3% during the 2nd quarter. Clear Creek Financial Management LLC now owns 1,260 shares of the software maker's stock valued at $292,000 after purchasing an additional 75 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Paycom Software by 17.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,000 shares of the software maker's stock worth $4,628,000 after acquiring an additional 3,000 shares during the period. Regency Capital Management Inc. DE purchased a new position in shares of Paycom Software during the 2nd quarter worth approximately $885,000. KPP Advisory Services LLC grew its holdings in shares of Paycom Software by 2.2% during the 2nd quarter. KPP Advisory Services LLC now owns 3,874 shares of the software maker's stock worth $896,000 after acquiring an additional 85 shares during the period. Finally, PUREfi Wealth LLC grew its holdings in shares of Paycom Software by 16.6% during the 2nd quarter. PUREfi Wealth LLC now owns 2,188 shares of the software maker's stock worth $506,000 after acquiring an additional 311 shares during the period. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAYC. UBS Group reduced their target price on Paycom Software from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets upped their target price on Paycom Software from $244.00 to $258.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Barclays upped their target price on Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Guggenheim began coverage on Paycom Software in a report on Friday, September 26th. They set a "buy" rating and a $270.00 target price on the stock. Finally, KeyCorp upped their target price on Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $241.77.

Paycom Software Trading Up 0.7%

Shares of PAYC opened at $205.16 on Thursday. The business's fifty day simple moving average is $220.10 and its two-hundred day simple moving average is $229.25. Paycom Software, Inc. has a 12 month low of $160.00 and a 12 month high of $267.76. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.23 and a beta of 0.82.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $472.00 million. During the same period last year, the business posted $1.62 EPS. The company's revenue was up 10.5% compared to the same quarter last year. As a group, research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software's dividend payout ratio is presently 20.30%.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider directly owned 24,533 shares of the company's stock, valued at $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is owned by insiders.

Paycom Software 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.

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