Paycom Software, Inc. (NYSE:PAYC) Shares Bought by GTS Securities LLC

GTS Securities LLC grew its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 213.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,613 shares of the software maker's stock after buying an additional 3,140 shares during the quarter. GTS Securities LLC's holdings in Paycom Software were worth $946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sylebra Capital LLC raised its holdings in Paycom Software by 63.8% in the 4th 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 during the period. FMR LLC raised its holdings in Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the period. Geode Capital Management LLC raised its holdings in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after purchasing an additional 89,848 shares during the period. Northern Trust Corp raised its holdings in Paycom Software by 10.9% in the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker's stock worth $148,402,000 after purchasing an additional 70,897 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Paycom Software by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after purchasing an additional 11,611 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of PAYC stock traded down $0.51 during trading hours on Friday, reaching $255.17. The company had a trading volume of 231,571 shares, compared to its average volume of 694,313. The stock has a fifty day moving average of $230.63 and a 200-day moving average of $220.53. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $262.80.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $530.50 million during the quarter, compared to analyst estimates of $522.92 million. During the same period in the prior year, the business earned $2.59 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. On average, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's dividend payout ratio is presently 21.40%.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the transaction, the chief executive officer now directly owns 3,277,249 shares in the company, valued at $837,402,664.48. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at $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. Over the last three months, insiders have sold 149,426 shares of company stock worth $36,577,802. Insiders own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. BMO Capital Markets boosted their price objective on Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Barclays boosted their price objective on Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research note 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. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and a consensus target price 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.