Captrust Financial Advisors Has $533,000 Holdings in Paycom Software, Inc. (NYSE:PAYC)

Captrust Financial Advisors decreased its stake in Paycom Software, Inc. (NYSE:PAYC) by 56.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,601 shares of the software maker’s stock after selling 3,345 shares during the quarter. Captrust Financial Advisors’ holdings in Paycom Software were worth $533,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the 4th quarter worth about $30,000. IFP Advisors Inc grew its holdings in shares of Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after purchasing an additional 178 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Paycom Software during the 4th quarter worth about $61,000. Finally, Blue Trust Inc. lifted its holdings in Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,526 shares of company stock worth $37,450,796. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Up 1.7%

Shares of PAYC opened at $260.70 on Monday. The stock’s fifty day simple moving average is $222.52 and its 200-day simple moving average is $218.19. The firm has a market capitalization of $15.08 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $261.64.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. The company had revenue of $530.50 million during the quarter, compared to analysts’ expectations of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Paycom Software’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.59 EPS. Analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, May 27th. Paycom Software’s payout ratio is 21.40%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Piper Sandler raised their price target on Paycom Software from $224.00 to $246.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Barclays raised their target price on Paycom Software from $221.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $226.90.

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.