3,825 Shares in Paycom Software, Inc. $PAYC Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,825 shares of the software maker’s stock, valued at approximately $885,000.

Several other institutional investors also recently added to or reduced their stakes in PAYC. SouthState Corp bought a new stake in shares of Paycom Software in the first quarter valued at approximately $27,000. von Borstel & Associates Inc. acquired a new position in Paycom Software during the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its holdings in Paycom Software by 112.3% in the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Opal Wealth Advisors LLC bought a new stake in Paycom Software in the 1st quarter valued at $35,000. Finally, S Bank Fund Management Ltd acquired a new stake in Paycom Software in the 1st quarter worth $37,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. TD Cowen raised Paycom Software from a “hold” rating to a “buy” rating and upped their price target for the company from $246.00 to $258.00 in a report on Monday, September 22nd. KeyCorp raised their price objective on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets boosted their price objective on Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Finally, Barclays raised their target price on Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus price target of $241.77.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $200.41 on Tuesday. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. The business’s fifty day moving average price is $221.39 and its two-hundred day moving average price is $229.60. Paycom Software, Inc. has a fifty-two week low of $159.82 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. Research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a $0.375 dividend. 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%.

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.