LRT Capital Management LLC Buys New Stake in Paycom Software, Inc. (NYSE:PAYC)

LRT Capital Management LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,129 shares of the software maker’s stock, valued at approximately $436,000.

Several 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 acquiring an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software during the 4th quarter worth about $30,000. IFP Advisors Inc grew its position in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after acquiring an additional 178 shares during the period. Parvin Asset Management LLC acquired a new position in Paycom Software in the 4th quarter worth about $61,000. Finally, Blue Trust Inc. increased its position in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after buying an additional 88 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

PAYC opened at $252.95 on Monday. The stock has a market capitalization of $14.63 billion, a PE ratio of 28.42, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $256.98. The business’s 50 day moving average price is $217.84 and its 200 day moving average price is $215.32.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.62 by $0.18. The business had revenue of $530.50 million for the quarter, compared to analyst estimates of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 EPS. As a group, equities research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal 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 issued a $0.375 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 annualized dividend and a dividend yield of 0.59%. Paycom Software’s dividend payout ratio is currently 16.85%.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total value of $29,222,400.00. Following the completion of the transaction, the chief executive officer now owns 3,307,249 shares in the company, valued at $805,381,276.48. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,100 shares of company stock valued at $30,698,424. Company insiders own 10.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PAYC shares. Barclays lifted 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. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a report on Thursday. KeyCorp boosted their target price on Paycom Software from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Piper Sandler increased their price target on Paycom Software from $224.00 to $246.00 and gave the company a “neutral” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $226.90.

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.