Level Four Advisory Services LLC Purchases 1,629 Shares of Paycom Software, Inc. $PAYC

Key Points

• Level Four Advisory Services LLC increased its ownership in Paycom Software by 12.7%, bringing its total holdings to 14,450 shares valued at $3,157,000.
• Recent research reports show that analysts have raised target prices for Paycom Software, with a consensus average target of $234.36 and most analysts rating it a "Hold".
• Paycom Software announced a quarterly dividend of $0.375 per share, reflecting an annualized yield of 0.7%, with payment scheduled for September 8th.

Level Four Advisory Services LLC boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,450 shares of the software maker's stock after acquiring an additional 1,629 shares during the quarter. Level Four Advisory Services LLC's holdings in Paycom Software were worth $3,157,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of recent research reports. Cantor Fitzgerald assumed coverage on shares of Paycom Software in a report on Thursday, August 14th. They issued a "neutral" rating and a $230.00 target price for the company. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Barclays boosted their target price 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. increased their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Piper Sandler boosted their price objective on Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $234.36.

Insider Transactions at Paycom Software

In related news, COO Randall Peck sold 890 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were 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 of the company's stock, valued at $13,000,994.74. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 1,500 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $249.96, for a total transaction of $374,940.00. Following the completion of the sale, the insider directly owned 27,233 shares of the company's stock, valued at approximately $6,807,160.68. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,590 shares of company stock worth $6,761,837. Insiders own 10.90% of the company's stock.

Paycom Software Stock Performance

NYSE PAYC traded up $8.4190 during trading on Friday, hitting $233.7390. The stock had a trading volume of 699,286 shares, compared to its average volume of 692,119. Paycom Software, Inc. has a one year low of $153.08 and a one year high of $267.76. The stock has a 50 day simple moving average of $229.43 and a 200 day simple moving average of $228.21. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.55 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping 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 firm had revenue of $483.60 million for the quarter, compared to the consensus estimate of $472.00 million. During the same period in the prior year, the business posted $1.62 earnings per share. The company's revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 25th. Paycom Software's payout ratio is currently 20.30%.

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.