2,249 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,249 shares of the software maker's stock, valued at approximately $460,000.

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

Insider Activity

In other news, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $255.52, for a total value of $6,752,371.52. Following the transaction, the chief executive officer now owns 3,277,249 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the company'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 value of $603,030.00. Following the completion of the transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,426 shares of company stock worth $36,577,802 over the last three months. Corporate insiders own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAYC. JPMorgan Chase & Co. increased 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 increased their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets increased their target price on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. Barclays lifted 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. Finally, Wall Street Zen lowered Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Paycom Software has an average rating of "Hold" and an average target price of $226.90.

Paycom Software Trading Up 1.3%

PAYC stock traded up $3.45 during trading on Friday, hitting $259.13. The company had a trading volume of 913,124 shares, compared to its average volume of 688,473. The company has a fifty day moving average price of $231.35 and a two-hundred day moving average price of $220.74. The company has a market cap of $14.99 billion, a P/E 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 released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 33.53% and a net margin of 26.66%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 earnings per share. On average, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be issued a $0.375 dividend. 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 dividend payout ratio (DPR) is 21.40%.

Paycom Software Company 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.