3,825 Shares in Paycom Software, Inc. $PAYC Purchased by Regency Capital Management Inc. DE

Key Points

• Regency Capital Management Inc. DE has acquired 3,825 shares of Paycom Software, valued at approximately $885,000, indicating significant institutional interest in the company.
• Several analysts have adjusted their price targets for Paycom Software, with ratings varying from "buy" to "hold" and a consensus price target of $241.77.
• Paycom Software recently declared a quarterly dividend of $0.375 per share, resulting in an annual yield of 0.7%, highlighting its commitment to returning value to shareholders.

Regency Capital Management Inc. DE bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,825 shares of the software maker's stock, valued at approximately $885,000.

Several other institutional investors also recently added to or reduced their stakes in PAYC. SouthState Corp bought a new stake in shares of Paycom Software in the first quarter valued at approximately $27,000. von Borstel & Associates Inc. acquired a new position in Paycom Software during the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its holdings in Paycom Software by 112.3% in the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after purchasing an additional 73 shares during the period. Opal Wealth Advisors LLC bought a new stake in Paycom Software in the 1st quarter valued at $35,000. Finally, S Bank Fund Management Ltd acquired a new stake in Paycom Software in the 1st quarter worth $37,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of Paycom Software from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. TD Cowen raised Paycom Software from a "hold" rating to a "buy" rating and upped their price target for the company from $246.00 to $258.00 in a report on Monday, September 22nd. KeyCorp raised their price objective on Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. BMO Capital Markets boosted their price objective on Paycom Software from $244.00 to $258.00 and gave the company a "market perform" rating in a research report on Thursday, August 7th. Finally, Barclays raised their target price on Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Paycom Software presently has an average rating of "Hold" and a consensus price target of $241.77.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.90% of the company's stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $200.41 on Tuesday. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. The business's fifty day moving average price is $221.39 and its two-hundred day moving average price is $229.60. Paycom Software, Inc. has a fifty-two week low of $159.82 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. Research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software's payout ratio is 20.30%.

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.

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