Graham Capital Management L.P. Invests $839,000 in Paycom Software, Inc. (NYSE:PAYC)

Graham Capital Management L.P. purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,093 shares of the software maker’s stock, valued at approximately $839,000.

Several other large investors also recently made changes to their positions in PAYC. Barclays PLC boosted its stake in shares of Paycom Software by 0.6% during the 3rd quarter. Barclays PLC now owns 109,636 shares of the software maker’s stock worth $18,261,000 after acquiring an additional 617 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after acquiring an additional 5,574 shares in the last quarter. Czech National Bank boosted its stake in shares of Paycom Software by 6.3% during the 4th quarter. Czech National Bank now owns 10,542 shares of the software maker’s stock worth $2,161,000 after acquiring an additional 629 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Paycom Software during the 4th quarter worth about $206,000. Finally, Wallace Advisory Group LLC bought a new stake in shares of Paycom Software during the 4th quarter worth about $453,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.7%

Shares of NYSE:PAYC opened at $260.25 on Wednesday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $261.64. The firm has a market capitalization of $15.06 billion, a PE ratio of 29.24, a PEG ratio of 2.40 and a beta of 0.80. The business’s 50 day moving average is $219.78 and its 200-day moving average is $216.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.18. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The company had revenue of $530.50 million for the quarter, compared to analyst estimates of $522.92 million. During the same quarter last year, the firm earned $2.59 EPS. Paycom Software’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, May 27th. Paycom Software’s payout ratio is presently 21.40%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PAYC shares. Barclays upped their price target on Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. BMO Capital Markets increased their target price on Paycom Software from $215.00 to $244.00 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Stifel Nicolaus increased their target price on Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. Citigroup decreased their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $226.90.

Insider Transactions at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares of the company’s stock, valued at $5,775,620.33. This trade represents a 9.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,100 shares of company stock valued at $30,698,424. 10.90% of the stock is owned by corporate 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.