Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Trexquant Investment LP
Trexquant Investment LP trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 95.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the software maker’s stock after selling 36,791 shares during the period. Trexquant Investment LP’s holdings in Paycom Software were worth $574,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in PAYC. KB Financial Partners LLC acquired a new position in Paycom Software during the first quarter worth $28,000. Clear Street Markets LLC raised its stake in shares of Paycom Software by 98.0% in the first quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock valued at $29,000 after acquiring an additional 48 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Paycom Software by 5,100.0% in the second quarter. Lindbrook Capital LLC now owns 104 shares of the software maker’s stock valued at $33,000 after acquiring an additional 102 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Paycom Software in the first quarter valued at $33,000. Finally, Activest Wealth Management acquired a new stake in shares of Paycom Software in the second quarter valued at $40,000. 88.69% of the stock is currently owned by institutional investors and hedge funds.
Paycom Software Stock Performance
Shares of PAYC stock opened at $186.20 on Tuesday. The stock’s 50-day moving average is $218.96 and its two-hundred day moving average is $275.49. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.53 and a beta of 1.22. Paycom Software, Inc. has a 1 year low of $146.15 and a 1 year high of $374.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.24.
Paycom Software (NYSE:PAYC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.16. The company had revenue of $406.30 million for the quarter, compared to analyst estimates of $411.17 million. Paycom Software had a return on equity of 25.02% and a net margin of 20.80%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. Analysts predict that Paycom Software, Inc. will post 6.02 earnings per share for the current year.
Paycom Software Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 24th. Paycom Software’s dividend payout ratio is currently 25.64%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on PAYC. KeyCorp cut Paycom Software from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 1st. StockNews.com began coverage on Paycom Software in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Piper Sandler reiterated a “neutral” rating and issued a $185.00 price objective on shares of Paycom Software in a research note on Friday. Stifel Nicolaus lowered Paycom Software from a “buy” rating to a “hold” rating and dropped their target price for the company from $400.00 to $160.00 in a report on Wednesday, November 1st. Finally, TheStreet lowered Paycom Software from a “b-” rating to a “c+” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $273.12.
Check Out Our Latest Stock Analysis on PAYC
Insider Buying and Selling
In related news, Director J C. Watts, Jr. purchased 314 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $159.20 per share, with a total value of $49,988.80. Following the completion of the acquisition, the director now directly owns 6,864 shares in the company, valued at approximately $1,092,748.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Jason D. Clark sold 130 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $287.36, for a total value of $37,356.80. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at $1,428,179.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J C. Watts, Jr. acquired 314 shares of Paycom Software stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $159.20 per share, with a total value of $49,988.80. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at $1,092,748.80. The disclosure for this purchase can be found here. Corporate insiders own 14.50% of the company’s stock.
About Paycom Software (Free Report)
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.
Further Reading
Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software, Inc. (NYSE:PAYC – Free Report).
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Original: MarketBeat News Feed: Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Trexquant Investment LP