Deutsche Bank AG Boosts Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Deutsche Bank AG grew its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,229 shares of the software maker's stock after acquiring an additional 14,396 shares during the quarter. Deutsche Bank AG owned 0.38% of Paycom Software worth $45,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc increased its position in shares of Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software during the fourth quarter valued at approximately $30,000. IFP Advisors Inc increased its position in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Paycom Software during the fourth quarter valued at approximately $61,000. Finally, Blue Trust Inc. increased its position in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock valued at $72,000 after acquiring an additional 88 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Performance

NYSE:PAYC opened at $260.25 on Wednesday. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $261.64. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.40 and a beta of 0.80. The business's fifty day moving average is $219.78 and its 200 day moving average is $216.28.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The company had revenue of $530.50 million for the quarter, compared to analyst estimates of $522.92 million. During the same period in the previous year, the company posted $2.59 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's payout ratio is 21.40%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Piper Sandler boosted their target price on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. KeyCorp lifted their price objective on Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $226.90.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at $10,750,606.35. This trade represents a 6.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This trade represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,100 shares of company stock valued at $30,698,424 in the last three months. Company insiders own 10.90% of the company's stock.

About Paycom Software

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.

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