Knuff & Co LLC Sells 497 Shares of Paycom Software, Inc. (NYSE:PAYC)

Knuff & Co LLC lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 54.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 413 shares of the software maker’s stock after selling 497 shares during the quarter. Knuff & Co LLC’s holdings in Paycom Software were worth $59,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Crestwood Advisors Group LLC boosted its holdings in shares of Paycom Software by 4.8% in the second quarter. Crestwood Advisors Group LLC now owns 2,923 shares of the software maker’s stock worth $418,000 after buying an additional 134 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Paycom Software by 81.4% in the second quarter. Natixis Advisors LLC now owns 57,300 shares of the software maker’s stock worth $8,196,000 after buying an additional 25,712 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of Paycom Software by 40.9% in the second quarter. Equitable Trust Co. now owns 3,966 shares of the software maker’s stock worth $567,000 after buying an additional 1,152 shares during the last quarter. Barlow Wealth Partners Inc. boosted its holdings in shares of Paycom Software by 153.1% in the second quarter. Barlow Wealth Partners Inc. now owns 92,414 shares of the software maker’s stock worth $14,655,000 after buying an additional 55,907 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Paycom Software by 4.2% in the second quarter. Van ECK Associates Corp now owns 9,415 shares of the software maker’s stock worth $1,347,000 after buying an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PAYC. Jefferies Financial Group decreased their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. TD Cowen raised their target price on shares of Paycom Software from $147.00 to $171.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Mizuho decreased their target price on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average target price of $178.33.

Insiders Place Their Bets

In other Paycom Software news, insider Jason D. Clark sold 906 shares of Paycom Software stock in a transaction on Friday, June 14th. The shares were sold at an average price of $143.61, for a total transaction of $130,110.66. Following the completion of the transaction, the insider now directly owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jason D. Clark sold 906 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $143.61, for a total transaction of $130,110.66. Following the completion of the sale, the insider now directly owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the sale, the chief executive officer now directly owns 3,023,708 shares of the company’s stock, valued at $423,923,861.60. The disclosure for this sale can be found here. Insiders sold 78,093 shares of company stock valued at $11,936,373 over the last three months. 14.50% of the stock is owned by company insiders.

Paycom Software Trading Down 0.5 %

PAYC traded down $0.77 during trading hours on Monday, hitting $162.78. The company’s stock had a trading volume of 648,500 shares, compared to its average volume of 839,558. The business’s 50-day moving average price is $155.18 and its 200-day moving average price is $170.10. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $299.00. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.30 and a beta of 1.16.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, August 26th. Paycom Software’s payout ratio is 18.27%.

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.