NBC Securities Inc. Acquires 1,649 Shares of Paycom Software, Inc. (NYSE:PAYC)

NBC Securities Inc. boosted its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 164,900.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,650 shares of the software maker's stock after purchasing an additional 1,649 shares during the period. NBC Securities Inc.'s holdings in Paycom Software were worth $360,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PAYC. Proficio Capital Partners LLC bought a new stake in shares of Paycom Software in the 4th quarter valued at about $7,142,000. Glenview Trust co boosted its stake in shares of Paycom Software by 27.1% in the 4th quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock valued at $2,520,000 after purchasing an additional 2,625 shares during the last quarter. American Century Companies Inc. increased its position in shares of Paycom Software by 43.0% during the fourth quarter. American Century Companies Inc. now owns 52,755 shares of the software maker's stock worth $10,813,000 after buying an additional 15,852 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Paycom Software by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after buying an additional 79 shares during the period. Finally, Rhumbline Advisers raised its stake in Paycom Software by 11.9% during the first quarter. Rhumbline Advisers now owns 102,936 shares of the software maker's stock worth $22,489,000 after buying an additional 10,908 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Trading Down 1.7%

Shares of NYSE:PAYC traded down $4.39 during mid-day trading on Tuesday, reaching $254.06. The company had a trading volume of 501,538 shares, compared to its average volume of 676,619. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $267.76. The company's 50-day moving average price is $236.37 and its 200-day moving average price is $222.37. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.40 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. During the same period last year, the business posted $2.59 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm 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 0.59%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is currently 21.40%.

Insider Activity at Paycom Software

In other news, COO Randall Peck sold 890 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total value of $234,256.90. Following the completion of the transaction, the chief operating officer now directly owns 49,394 shares in the company, valued at approximately $13,000,994.74. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This represents a 9.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,516 shares of company stock worth $42,964,698. Corporate insiders own 10.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PAYC shares. BMO Capital Markets upped their target price on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. Finally, Barclays upped their target price on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $226.90.

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.