NBC Securities Inc. Buys 1,649 Shares of Paycom Software, Inc. (NYSE:PAYC)

NBC Securities Inc. increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 164,900.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,650 shares of the software maker’s stock after purchasing an additional 1,649 shares during the quarter. NBC Securities Inc.’s holdings in Paycom Software were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sylebra Capital LLC raised its holdings in Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock valued at $658,996,000 after acquiring an additional 1,252,617 shares during the period. FMR LLC increased its holdings in shares of Paycom Software by 137.8% in the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the period. Geode Capital Management LLC increased its holdings in shares of Paycom Software by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock worth $310,245,000 after purchasing an additional 89,848 shares during the period. Northern Trust Corp increased its holdings in shares of Paycom Software by 10.9% in the fourth quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock worth $148,402,000 after purchasing an additional 70,897 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Paycom Software by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker’s stock worth $102,090,000 after purchasing an additional 11,611 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.7%

PAYC opened at $265.69 on Friday. The stock has a market cap of $15.37 billion, a PE ratio of 29.85, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $267.76. The business’s fifty day simple moving average is $234.68 and its 200 day simple moving average is $221.85.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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 firm had revenue of $530.50 million for the quarter, compared to analysts’ expectations of $522.92 million. During the same period last year, the firm earned $2.59 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.56%. Paycom Software’s dividend payout ratio (DPR) is currently 21.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PAYC shares. BMO Capital Markets upped their price target 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. KeyCorp upped their price target 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. Stifel Nicolaus upped their price target on shares of Paycom Software from $187.00 to $215.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. Piper Sandler upped their price target on shares of Paycom Software from $224.00 to $246.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Barclays upped their price target on shares of Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $226.90.

Insider Activity

In other news, COO Randall Peck sold 890 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total transaction of $234,256.90. Following the completion of the sale, the chief operating officer now directly owns 49,394 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 120,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 173,516 shares of company stock valued at $42,964,698. 10.90% of the stock is currently owned by insiders.

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.