Paycom Software, Inc. (NYSE:PAYC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 33,661.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,506 shares of the software maker's stock after purchasing an additional 196,921 shares during the quarter. GAMMA Investing LLC owned approximately 0.34% of Paycom Software worth $43,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of Paycom Software in the 4th quarter worth approximately $638,000. Blue Trust Inc. boosted its position in Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock valued at $72,000 after acquiring an additional 88 shares in the last quarter. Greenleaf Trust bought a new stake in Paycom Software during the 4th quarter valued at approximately $235,000. Trust Point Inc. bought a new stake in shares of Paycom Software during the 4th quarter valued at $796,000. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of Paycom Software by 42.1% during the 4th quarter. E. Ohman J or Asset Management AB now owns 2,700 shares of the software maker's stock valued at $553,000 after buying an additional 800 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Up 0.7%

NYSE:PAYC traded up $1.76 during mid-day trading on Friday, hitting $265.69. 348,667 shares of the stock traded hands, compared to its average volume of 677,788. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.40 and a beta of 0.81. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $267.76. The firm's 50 day moving average is $235.57 and its two-hundred day moving average is $222.19.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.62 by $0.18. The company had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Paycom Software's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 EPS. As a group, research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 annualized dividend and a yield of 0.56%. Paycom Software's dividend payout ratio (DPR) is currently 21.40%.

Insider Transactions at Paycom Software

In other news, COO Randall Peck sold 890 shares of the firm'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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 120,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the completion of the sale, the chief executive officer now owns 3,307,249 shares of the company's stock, valued at approximately $805,381,276.48. This trade represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,516 shares of company stock valued at $42,964,698. 10.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on PAYC. JPMorgan Chase & Co. boosted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Piper Sandler upped their price target on Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. BMO Capital Markets upped their price target on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. Stifel Nicolaus upped their price target on Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $226.90.

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.