Peterson Wealth Services Purchases Shares of 3,592 Paycom Software, Inc. (NYSE:PAYC)

Peterson Wealth Services acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,592 shares of the software maker's stock, valued at approximately $785,000.

Several other institutional investors have also made changes to their positions in the business. FMR LLC boosted its position in Paycom Software by 137.8% in the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after buying an additional 1,388,533 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of Paycom Software by 63.8% during the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker's stock worth $658,996,000 after purchasing an additional 1,252,617 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Paycom Software by 1,153.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock worth $82,375,000 after purchasing an additional 369,825 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Paycom Software during the fourth quarter worth approximately $60,882,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Paycom Software during the fourth quarter worth approximately $57,068,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

NYSE PAYC traded up $6.21 on Tuesday, reaching $234.15. 621,996 shares of the company's stock traded hands, compared to its average volume of 651,079. Paycom Software, Inc. has a 12 month low of $152.46 and a 12 month high of $267.76. The stock has a 50-day simple moving average of $243.79 and a 200 day simple moving average of $224.59. The stock has a market cap of $13.55 billion, a PE ratio of 33.40, a P/E/G ratio of 2.53 and a beta of 0.77.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. The company had revenue of $530.50 million during the quarter, compared to analyst estimates of $522.92 million. During the same quarter last year, the firm posted $2.59 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio is presently 21.40%.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $249.96, for a total transaction of $374,940.00. Following the completion of the sale, the insider directly owned 27,233 shares in the company, valued at $6,807,160.68. The trade was a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Randall Peck sold 890 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total value of $234,256.90. Following the sale, the chief operating officer owned 49,394 shares of the company's stock, valued at approximately $13,000,994.74. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,016 shares of company stock valued at $42,736,608 in the last quarter. 10.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PAYC. Stifel Nicolaus boosted their price target on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Barclays upped 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. Piper Sandler upped 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. Finally, KeyCorp upped their target price on shares of Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven 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.com, Paycom Software has an average rating of "Hold" and a consensus target price of $226.90.

Paycom Software Company 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.