Reinhart Partners LLC. Grows Stake in Paycom Software, Inc. (NYSE:PAYC)

Reinhart Partners LLC. lifted its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,899 shares of the software maker's stock after purchasing an additional 10,285 shares during the quarter. Reinhart Partners LLC. owned approximately 0.12% of Paycom Software worth $15,271,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in shares of Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after purchasing an additional 51 shares during the period. Salvus Wealth Management LLC boosted its position in shares of Paycom Software by 4.9% in the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock valued at $270,000 after purchasing an additional 58 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock valued at $1,128,000 after purchasing an additional 60 shares during the period. Finally, Fiduciary Trust Co boosted its position in shares of Paycom Software by 1.6% in the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker's stock valued at $921,000 after purchasing an additional 71 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. 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. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Piper Sandler upped 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. Wall Street Zen cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Barclays increased their price objective on Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $226.90.

Paycom Software Trading Up 0.7%

Paycom Software stock opened at $265.69 on Friday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $267.76. The stock has a 50 day moving average of $234.68 and a two-hundred day moving average of $221.85. 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 (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, beating the consensus estimate 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 analysts' expectations of $522.92 million. During the same period last year, the firm earned $2.59 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders 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 0.56%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is currently 21.40%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, COO Randall Peck sold 890 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the completion of the sale, the chief operating officer now owns 49,394 shares of the company's stock, 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, CEO Chad R. Richison sold 23,200 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $265.20, for a total value of $6,152,640.00. Following the completion of the sale, the chief executive officer now directly owns 3,224,049 shares of the company's stock, valued at approximately $855,017,794.80. This trade represents a 0.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 173,516 shares of company stock valued at $42,964,698. 10.90% of the stock is owned by company insiders.

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.

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