Mpwm Advisory Solutions LLC Purchases Shares of 400 Paycom Software, Inc. (NYSE:PAYC)

Mpwm Advisory Solutions LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 400 shares of the software maker’s stock, valued at approximately $82,000.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in shares of Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Paycom Software by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after purchasing an additional 51 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 60 shares during the period. Fiduciary Trust Co grew its stake in shares of Paycom Software by 1.6% in the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker’s stock valued at $921,000 after purchasing an additional 71 shares during the period. Finally, Valley National Advisers Inc. grew its stake in shares of Paycom Software by 0.7% in the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAYC shares. Barclays increased their price target on Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Stifel Nicolaus increased their price target on Paycom Software from $187.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, May 8th. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average target price of $226.90.

Paycom Software Trading Up 0.1%

NYSE PAYC opened at $260.22 on Wednesday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $264.92. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.40 and a beta of 0.80. The company has a 50 day moving average of $224.74 and a 200-day moving average of $218.83.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 earnings per share. On average, equities research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. Paycom Software’s dividend payout ratio (DPR) is presently 21.40%.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,526 shares of company stock valued at $37,450,796 over the last 90 days. 10.90% of the stock is owned by insiders.

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.