Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Salvus Wealth Management LLC

Salvus Wealth Management LLC increased its position in Paycom Software, Inc. (NYSE:PAYC) by 4.9% in the first quarter, Holdings Channel reports. The firm owned 1,238 shares of the software maker’s stock after purchasing an additional 58 shares during the quarter. Salvus Wealth Management LLC’s holdings in Paycom Software were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc raised its holdings in shares of Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after purchasing an additional 112 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Paycom Software by 135.9% during 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 bought a new stake in shares of Paycom Software in the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc lifted its position in Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after purchasing an additional 178 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Paycom Software news, COO Randall Peck sold 890 shares of Paycom Software stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 120,000 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $243.52, for a total value of $29,222,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,316 shares of company stock worth $36,812,058. 10.90% of the stock is currently owned by corporate insiders.

Paycom Software Stock Performance

Shares of PAYC opened at $265.45 on Thursday. The company’s 50 day moving average price is $233.78 and its 200 day moving average price is $221.54. The company has a market capitalization of $15.36 billion, a PE ratio of 29.83, a PEG ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $265.61.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The firm had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. During the same period in the prior year, the business posted $2.59 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a $0.375 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 annualized dividend and a yield of 0.57%. Paycom Software’s dividend payout ratio (DPR) is currently 21.40%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PAYC shares. JPMorgan Chase & Co. lifted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, May 8th. KeyCorp increased their price objective on Paycom Software from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lifted their target price on Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.