Jefferies Financial Group Inc. Increases Position in Paycom Software, Inc. (NYSE:PAYC)

Jefferies Financial Group Inc. lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,392 shares of the software maker's stock after purchasing an additional 4,294 shares during the period. Jefferies Financial Group Inc.'s holdings in Paycom Software were worth $2,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software during the 4th quarter valued at approximately $30,000. Putney Financial Group LLC purchased a new stake in shares of Paycom Software during the 4th quarter valued at approximately $39,000. IFP Advisors Inc raised its position in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after buying an additional 178 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in shares of Paycom Software during the 4th quarter valued at approximately $61,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the completion of the transaction, the chief executive officer now owns 3,277,249 shares of the company's stock, valued at $837,402,664.48. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,426 shares of company stock worth $36,577,802. Corporate insiders own 10.90% of the company's stock.

Paycom Software Stock Performance

Shares of NYSE:PAYC traded up $3.45 during trading on Friday, hitting $259.13. The company's stock had a trading volume of 913,124 shares, compared to its average volume of 696,978. The business has a 50 day moving average price of $230.63 and a two-hundred day moving average price of $220.53. The company has a market capitalization of $14.99 billion, a PE ratio of 29.12, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. The business had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. As a group, equities analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. Paycom Software's payout ratio is currently 21.40%.

Analyst Ratings Changes

Several analysts have recently commented on PAYC shares. BMO Capital Markets lifted their price target on shares of 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. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Piper Sandler boosted their target price on Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Paycom Software from a "buy" rating to a "hold" rating in a research 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.