Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 278,423 shares of the software maker's stock, valued at approximately $57,068,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.49% of Paycom Software at the end of the most recent quarter.

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

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chad R. Richison sold 120,000 shares of Paycom Software stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $243.52, for a total value of $29,222,400.00. Following the sale, the chief executive officer now directly owns 3,307,249 shares of the company's stock, valued at approximately $805,381,276.48. This represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,426 shares of company stock valued at $36,577,802 in the last quarter. 10.90% of the stock is currently owned by corporate insiders.

Paycom Software Trading Up 1.3%

Shares of NYSE:PAYC traded up $3.45 on Friday, reaching $259.13. The company had a trading volume of 913,124 shares, compared to its average volume of 696,978. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $262.80. The firm's 50 day simple moving average is $230.63 and its 200-day simple moving average is $220.53. The firm has a market capitalization of $14.99 billion, a PE ratio of 29.12, a PEG ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $522.92 million. During the same period last year, the business posted $2.59 EPS. The business's revenue was up 6.1% compared to the same quarter last year. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. Paycom Software's payout ratio is 21.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PAYC shares. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. Wall Street Zen downgraded Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Piper Sandler increased their price target on Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Barclays raised their price objective on Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Paycom Software has an average rating of "Hold" and a consensus target price of $226.90.

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.