Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG has increased its stake in Paycom Software, Inc. by 11.2%, holding approximately $53.76 million worth of the company's shares.
• Paycom Software reported a strong financial performance with $2.06 earnings per share, exceeding estimates and showing a 10.5% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.375 per share, representing an annualized yield of 0.7% and a payout ratio of 20.30%.

Deutsche Bank AG boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,067 shares of the software maker's stock after purchasing an additional 24,838 shares during the quarter. Deutsche Bank AG owned approximately 0.43% of Paycom Software worth $53,761,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. purchased a new stake in shares of Paycom Software during the first quarter worth $27,000. Golden State Wealth Management LLC increased its stake in Paycom Software by 112.3% during the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after acquiring an additional 73 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock valued at $33,000 after purchasing an additional 87 shares during the period. Opal Wealth Advisors LLC bought a new stake in Paycom Software in the first quarter valued at about $35,000. Finally, Putney Financial Group LLC bought a new stake in shares of Paycom Software in the 4th quarter valued at approximately $39,000. 87.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Randall Peck sold 890 shares of Paycom Software stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total transaction of $234,256.90. Following the sale, the chief operating officer directly owned 49,394 shares of the company's stock, valued at approximately $13,000,994.74. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 23,200 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $265.20, for a total transaction of $6,152,640.00. Following the transaction, the chief executive officer owned 3,224,049 shares in the company, valued at $855,017,794.80. This trade represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,590 shares of company stock worth $6,761,837 over the last quarter. 10.90% of the stock is owned by corporate insiders.

Paycom Software Price Performance

Shares of PAYC traded up $6.29 during midday trading on Wednesday, reaching $221.50. 752,322 shares of the stock were exchanged, compared to its average volume of 630,340. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.43 and a beta of 0.81. Paycom Software, Inc. has a twelve month low of $153.08 and a twelve month high of $267.76. The business's 50-day moving average price is $233.76 and its 200 day moving average price is $227.26.

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

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 25th. Paycom Software's payout ratio is currently 20.30%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PAYC shares. JPMorgan Chase & Co. lifted their price objective on Paycom Software from $215.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Piper Sandler upped their price target 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. KeyCorp upped their price target on shares of Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Barclays upped their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $234.80.

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.