Paycom Software, Inc. $PAYC Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its stake in Paycom Software, Inc. (NYSE:PAYC) by 437.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,948 shares of the software maker’s stock after purchasing an additional 4,842 shares during the period. Lido Advisors LLC’s holdings in Paycom Software were worth $1,376,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Paycom Software by 3.0% during the second quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock valued at $1,301,294,000 after buying an additional 165,647 shares during the period. Geode Capital Management LLC boosted its stake in shares of Paycom Software by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after acquiring an additional 83,154 shares in the last quarter. Invesco Ltd. grew its position in shares of Paycom Software by 5.0% during the 1st quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker’s stock valued at $269,398,000 after acquiring an additional 58,176 shares during the period. Northern Trust Corp increased its stake in shares of Paycom Software by 2.3% in the 1st quarter. Northern Trust Corp now owns 740,385 shares of the software maker’s stock valued at $161,759,000 after purchasing an additional 16,369 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Paycom Software by 12.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,626 shares of the software maker’s stock worth $138,435,000 after purchasing an additional 69,884 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In related 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 completion of the sale, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

NYSE:PAYC opened at $166.07 on Friday. Paycom Software, Inc. has a one year low of $156.50 and a one year high of $267.76. The stock has a market cap of $9.34 billion, a PE ratio of 20.66, a P/E/G ratio of 1.79 and a beta of 0.84. The stock has a 50 day moving average price of $184.21 and a 200 day moving average price of $216.47.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The company had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. As a group, analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio is currently 18.66%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PAYC shares. Mizuho cut their price objective on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a research report on Monday. UBS Group decreased their target price on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. BMO Capital Markets increased their price objective on Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group decreased their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $225.77.

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.