Paycom Software, Inc. $PAYC Shares Acquired by Level Four Advisory Services LLC

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 lifted its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,450 shares of the software maker's stock after buying 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.

Other hedge funds also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new stake in Paycom Software during the first quarter valued at $27,000. SouthState Corp purchased a new stake in Paycom Software during the first quarter valued at $27,000. Golden State Wealth Management LLC raised its stake in Paycom Software by 112.3% during the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock valued at $33,000 after purchasing an additional 87 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Paycom Software during the first quarter valued at $35,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 23,200 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $265.20, for a total transaction of $6,152,640.00. Following the completion of the sale, the chief executive officer directly owned 3,224,049 shares of the company's stock, valued at approximately $855,017,794.80. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 27,233 shares of the company's stock, valued at $6,807,160.68. The trade was a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,590 shares of company stock worth $6,761,837 in the last three months. Corporate insiders own 10.90% of the company's stock.

Paycom Software Trading Down 1.5%

Shares of NYSE PAYC traded down $3.52 during mid-day trading on Tuesday, reaching $227.27. The company had a trading volume of 125,293 shares, compared to its average volume of 624,409. The business's 50-day moving average is $229.12 and its 200-day moving average is $228.59. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. Paycom Software, Inc. has a 52 week low of $153.08 and a 52 week high of $267.76.

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

Paycom Software Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAYC. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. Barclays increased their target price on shares of Paycom Software from $240.00 to $250.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Piper Sandler increased their target price on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus increased their target price on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Paycom Software currently has an average rating of "Hold" and a consensus price target of $234.36.

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.