Universal Beteiligungs und Servicegesellschaft mbH Has $79.52 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 30.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,949 shares of the software maker's stock after purchasing an additional 85,526 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.63% of Paycom Software worth $79,516,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc increased its stake 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 worth $26,000 after acquiring an additional 112 shares during the period. von Borstel & Associates Inc. acquired a new stake in shares of Paycom Software in the first quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software in the fourth quarter worth $30,000. Golden State Wealth Management LLC increased its stake in shares of Paycom Software by 112.3% in the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock worth $30,000 after acquiring an additional 73 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Paycom Software by 135.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock worth $33,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Trading Up 0.8%

Paycom Software stock traded up $1.86 during mid-day trading on Thursday, reaching $238.30. The company's stock had a trading volume of 382,525 shares, compared to its average volume of 619,626. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.57 and a beta of 0.77. Paycom Software, Inc. has a twelve month low of $152.46 and a twelve month high of $267.76. The business has a 50 day moving average price of $242.87 and a 200-day moving average price of $224.74.

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, beating the consensus estimate of $2.62 by $0.18. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. The company had revenue of $530.50 million for the quarter, compared to analysts' expectations of $522.92 million. During the same quarter in the previous year, the business posted $2.59 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio is currently 21.40%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PAYC shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. Piper Sandler increased their target price on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Barclays increased their target price on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. BMO Capital Markets increased their target price 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. Finally, KeyCorp increased their target price on shares of Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $226.90.

Insiders Place Their Bets

In other Paycom Software news, COO Randall Peck sold 890 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the transaction, the chief operating officer owned 49,394 shares of the company's stock, valued at approximately $13,000,994.74. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $249.96, for a total value of $374,940.00. Following the completion of the transaction, the insider directly owned 27,233 shares in the company, valued at $6,807,160.68. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,016 shares of company stock valued at $42,736,608. 10.90% of the stock is currently owned by corporate insiders.

About Paycom Software

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.