Siemens Fonds Invest GmbH Invests $460,000 in Paycom Software, Inc. (NYSE:PAYC)

Siemens Fonds Invest GmbH purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,249 shares of the software maker's stock, valued at approximately $460,000.

Several other large investors have also recently made changes to their positions in PAYC. Barclays PLC raised its stake in shares of Paycom Software by 0.6% during the third quarter. Barclays PLC now owns 109,636 shares of the software maker's stock worth $18,261,000 after acquiring an additional 617 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Paycom Software during the fourth quarter worth approximately $638,000. Fifth Third Bancorp raised its stake in shares of Paycom Software by 7.4% during the fourth quarter. Fifth Third Bancorp now owns 2,401 shares of the software maker's stock worth $492,000 after acquiring an additional 165 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after acquiring an additional 88 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Paycom Software by 71.1% during the fourth quarter. KBC Group NV now owns 32,052 shares of the software maker's stock worth $6,570,000 after acquiring an additional 13,319 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Up 1.7%

Shares of NYSE:PAYC traded up $4.37 during midday trading on Tuesday, reaching $263.91. The company's stock had a trading volume of 590,678 shares, compared to its average volume of 683,411. The firm has a 50 day moving average of $232.85 and a 200-day moving average of $221.24. The firm has a market capitalization of $15.27 billion, a P/E ratio of 29.65, 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 $264.07.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. The firm had revenue of $530.50 million for 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 revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 EPS. On average, research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently declared 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. This represents a $1.50 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, May 27th. Paycom Software's payout ratio is 21.40%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lifted their price target on shares of Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. BMO Capital Markets raised their target price on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, KeyCorp raised their target price on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Eleven equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $226.90.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 3,277,249 shares in the company, valued at approximately $837,402,664.48. This represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. This represents 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 in the last quarter. Corporate insiders own 10.90% of the company's stock.

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.