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

Copperwynd Financial LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 25.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,351 shares of the software maker’s stock after selling 1,480 shares during the quarter. Copperwynd Financial LLC’s holdings in Paycom Software were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its holdings in Paycom Software by 8.4% in the 1st quarter. Kingsview Wealth Management LLC now owns 1,478 shares of the software maker’s stock worth $323,000 after purchasing an additional 114 shares during the period. SG Americas Securities LLC raised its holdings in Paycom Software by 57.1% in the 1st quarter. SG Americas Securities LLC now owns 2,685 shares of the software maker’s stock worth $587,000 after purchasing an additional 976 shares during the period. GAMMA Investing LLC raised its holdings in Paycom Software by 54.5% in the 1st quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $198,000 after purchasing an additional 319 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Paycom Software in the 1st quarter worth $690,000. Finally, Exchange Traded Concepts LLC raised its holdings in Paycom Software by 15.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,007 shares of the software maker’s stock worth $220,000 after purchasing an additional 136 shares during the period. 87.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 24,533 shares of the company’s stock, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on PAYC shares. Guggenheim assumed coverage on Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Paycom Software in a report on Wednesday. KeyCorp raised their price target on Paycom Software from $285.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. TD Cowen raised Paycom Software from a “hold” rating to a “buy” rating and raised their price target for the company from $246.00 to $258.00 in a report on Monday, September 22nd. Finally, BMO Capital Markets raised their price target on Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus target price of $241.77.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $205.16 on Thursday. The business’s 50 day moving average is $220.10 and its two-hundred day moving average is $229.25. Paycom Software, Inc. has a 1-year low of $160.00 and a 1-year high of $267.76. The stock has a market capitalization of $11.87 billion, a P/E ratio of 27.76, a PEG ratio of 2.23 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data 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 company had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $472.00 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed 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. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s payout ratio is presently 20.30%.

Paycom Software Company 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.