Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 17.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,899 shares of the software maker’s stock after buying an additional 10,285 shares during the quarter. Reinhart Partners LLC.’s holdings in Paycom Software were worth $15,271,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Glass Jacobson Investment Advisors llc grew its position in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Paycom Software by 135.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker’s stock valued at $33,000 after purchasing an additional 87 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at approximately $39,000. Finally, IFP Advisors Inc grew its position in shares of Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

PAYC opened at $265.69 on Friday. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The business has a 50-day moving average of $234.68 and a two-hundred day moving average of $221.85. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC) last posted 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 company had revenue of $530.50 million during the quarter, compared to analysts’ expectations of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 EPS. Equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.56%. The ex-dividend date is Tuesday, May 27th. Paycom Software’s dividend payout ratio (DPR) is 21.40%.

Insider Buying and Selling at Paycom Software

In other news, COO Randall Peck sold 890 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was 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 owns 49,394 shares in the company, valued at approximately $13,000,994.74. The trade was a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company’s stock, valued at $5,775,620.33. The trade was a 9.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 173,516 shares of company stock worth $42,964,698 in the last 90 days. 10.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lifted their price objective 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. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stifel Nicolaus boosted their target price on shares of Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. Piper Sandler boosted their target price on shares of Paycom Software from $224.00 to $246.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, KeyCorp boosted their target price on shares of Paycom Software from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $226.90.

About Paycom Software

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.