Paycom Software, Inc. $PAYC Position Lifted by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd increased its holdings in Paycom Software by 2.7% during Q2, owning approximately 0.19% of the company, valued at $25.45 million.
• Paycom Software reported an earnings per share (EPS) of $2.06, beating estimates by $0.28, and achieving a quarterly revenue of $483.60 million, up 10.5% year-over-year.
• The company recently announced a dividend of $0.375 per share, reflecting a 0.8% yield and a dividend payout ratio of 20.30%.

Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 109,991 shares of the software maker's stock after buying an additional 2,901 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.19% of Paycom Software worth $25,452,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. New York State Teachers Retirement System lifted its position in shares of Paycom Software by 1.7% in the 2nd quarter. New York State Teachers Retirement System now owns 47,459 shares of the software maker's stock worth $10,982,000 after buying an additional 801 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Paycom Software in the 2nd quarter worth about $177,000. Sagespring Wealth Partners LLC bought a new position in shares of Paycom Software in the 2nd quarter worth about $209,000. NorthRock Partners LLC bought a new position in shares of Paycom Software in the 2nd quarter worth about $218,000. Finally, Verdence Capital Advisors LLC lifted its position in shares of Paycom Software by 4.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,899 shares of the software maker's stock worth $671,000 after buying an additional 134 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Paycom Software from $244.00 to $258.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $215.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. TD Cowen raised shares of Paycom Software from a "hold" rating to a "buy" rating and increased their price objective for the stock from $246.00 to $258.00 in a report on Monday, September 22nd. UBS Group dropped their price objective on shares of Paycom Software from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Finally, Jefferies Financial Group dropped their price objective on shares of Paycom Software from $250.00 to $225.00 and set a "hold" rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $245.62.

Paycom Software Trading Down 0.3%

Paycom Software stock opened at $199.94 on Thursday. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.20 and a beta of 0.82. The company's 50-day moving average price is $217.50 and its two-hundred day moving average price is $228.50. Paycom Software, Inc. has a 52 week low of $161.24 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last released 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. 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%. Paycom Software's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. Research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 annualized dividend and a yield of 0.8%. Paycom Software's dividend payout ratio (DPR) is presently 20.30%.

Insider Buying and Selling

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

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.

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