Tompkins Financial Corp lessened its stake in shares of Paycom Software Inc (NYSE:PAYC) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 215 shares of the software maker’s stock after selling 74 shares during the period. Tompkins Financial Corp’s holdings in Paycom Software were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. 1776 Wealth LLC raised its position in Paycom Software by 265.7% during the first quarter. 1776 Wealth LLC now owns 128 shares of the software maker’s stock valued at $25,000 after buying an additional 93 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Paycom Software by 588.9% in the first quarter. Rockefeller Capital Management L.P. now owns 124 shares of the software maker’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Paycom Software during the first quarter worth approximately $34,000. Cognios Capital LLC acquired a new stake in shares of Paycom Software during the first quarter worth approximately $36,000. Finally, Creative Financial Designs Inc. ADV grew its position in Paycom Software by 101.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 121 shares of the software maker’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. 75.20% of the stock is owned by institutional investors.

Shares of NYSE:PAYC opened at $284.37 on Friday. The business has a 50 day moving average price of $305.20 and a 200 day moving average price of $274.43. Paycom Software Inc has a twelve month low of $163.42 and a twelve month high of $342.00. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 84.63, a PEG ratio of 4.36 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $242.40 million during the quarter, compared to analyst estimates of $237.93 million. Paycom Software had a return on equity of 37.04% and a net margin of 25.17%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. Analysts anticipate that Paycom Software Inc will post 2.63 EPS for the current year.

PAYC has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on shares of Paycom Software from $187.00 to $175.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group lowered their target price on Paycom Software from $225.00 to $215.00 and set a “hold” rating on the stock in a research note on Wednesday, April 29th. Credit Suisse Group raised their price target on Paycom Software from $185.00 to $205.00 and gave the stock an “underperform” rating in a research note on Thursday. Barclays boosted their price target on Paycom Software from $195.00 to $285.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Cantor Fitzgerald dropped their price objective on Paycom Software from $314.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $259.81.

In other Paycom Software news, CEO Chad R. Richison sold 420,865 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $268.00, for a total value of $112,791,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jon Evans sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $316.82, for a total value of $950,460.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 447,942 shares of company stock valued at $120,871,330. Corporate insiders own 16.10% of the company’s stock.

Paycom Software Company Profile

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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