Motley Fool Wealth Management LLC Sells 16,375 Shares of Paycom Software Inc (PAYC)

Motley Fool Wealth Management LLC lowered its holdings in Paycom Software Inc (NYSE:PAYC) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,779 shares of the software maker’s stock after selling 16,375 shares during the period. Motley Fool Wealth Management LLC’s holdings in Paycom Software were worth $13,386,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new position in shares of Paycom Software in the fourth quarter valued at $27,000. Mark Sheptoff Financial Planning LLC bought a new position in Paycom Software during the 4th quarter valued at $31,000. Global Retirement Partners LLC boosted its stake in Paycom Software by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. CWM LLC bought a new position in Paycom Software during the 1st quarter valued at $45,000. Finally, First Bank & Trust boosted its stake in Paycom Software by 300.8% during the 4th quarter. First Bank & Trust now owns 485 shares of the software maker’s stock valued at $59,000 after acquiring an additional 364 shares during the last quarter. 77.47% of the stock is owned by institutional investors.

In other news, CFO Craig E. Boelte sold 12,000 shares of Paycom Software stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $176.03, for a total value of $2,112,360.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jon Evans sold 2,373 shares of Paycom Software stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $191.27, for a total transaction of $453,883.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,020 shares of company stock worth $3,448,236. Insiders own 16.09% of the company’s stock.

A number of research firms have commented on PAYC. Zacks Investment Research downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Canaccord Genuity increased their price objective on shares of Paycom Software from $160.00 to $195.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Jefferies Financial Group increased their price objective on shares of Paycom Software from $210.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective (up from $200.00) on shares of Paycom Software in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, KeyCorp increased their price objective on shares of Paycom Software from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $185.69.

Paycom Software stock opened at $210.58 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. Paycom Software Inc has a 1 year low of $96.44 and a 1 year high of $214.93. The stock has a market capitalization of $11.96 billion, a PE ratio of 96.72, a price-to-earnings-growth ratio of 3.12 and a beta of 1.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.07). Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The firm had revenue of $199.90 million during the quarter, compared to analyst estimates of $195.53 million. During the same period last year, the business earned $0.95 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. On average, research analysts expect that Paycom Software Inc will post 2.6 earnings per share for the current year.

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About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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