UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 3,967 Shares of Paycom Software, Inc. $PAYC

Key Points

• UBS AM increased its stake in Paycom Software by 1.3%, holding approximately $65.70 million worth of shares at the end of the previous quarter.
• Paycom Software reported $2.06 earnings per share in its latest quarterly results, exceeding analysts' expectations of $1.78.
• The company has declared a quarterly dividend of $0.375, representing an annualized dividend yield of 0.7%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,730 shares of the software maker's stock after buying an additional 3,967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.52% of Paycom Software worth $65,703,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PAYC. Brooklyn Investment Group increased its stake in shares of Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock worth $52,000 after purchasing an additional 39 shares in the last quarter. Commerce Bank grew its holdings in shares of Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker's stock valued at $514,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Paycom Software by 12.9% during the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker's stock worth $105,000 after acquiring an additional 53 shares in the last quarter. US Bancorp DE raised its position in shares of Paycom Software by 0.5% during the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker's stock worth $2,277,000 after purchasing an additional 57 shares during the last quarter. Finally, Salvus Wealth Management LLC increased its holdings in shares of Paycom Software by 4.9% during the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock worth $270,000 after buying an additional 58 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 0.1%

PAYC traded down $0.23 during trading on Friday, hitting $216.32. The company's stock had a trading volume of 1,660,400 shares, compared to its average volume of 558,613. The firm has a market capitalization of $12.52 billion, a P/E ratio of 29.27, a PEG ratio of 2.38 and a beta of 0.81. The stock's fifty day moving average price is $225.68 and its 200-day moving average price is $229.47. Paycom Software, Inc. has a twelve month low of $158.03 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The firm had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. During the same period in the prior year, the company earned $1.62 EPS. The company's revenue was up 10.5% on a year-over-year basis. Equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software's payout ratio is 20.30%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAYC. Barclays lifted their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. UBS Group reduced their price target on shares of Paycom Software from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $215.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised shares of Paycom Software to a "hold" rating in a research report on Thursday, September 11th. Finally, BMO Capital Markets raised their target price on shares of Paycom Software from $244.00 to $258.00 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Paycom Software presently has a consensus rating of "Hold" and an average target price of $238.58.

Insider Buying and Selling

In other news, insider Bradley Scott Smith sold 1,500 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the sale, the insider owned 24,533 shares of the company's stock, valued at approximately $5,477,482.91. This represents a 5.76% 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. 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.