MBB Public Markets I LLC Invests $532,000 in Paycom Software, Inc. (NYSE:PAYC)

MBB Public Markets I LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,722 shares of the software maker’s stock, valued at approximately $532,000.

A number of other institutional investors also recently made changes to their positions in PAYC. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software in the second quarter valued at approximately $25,000. Mather Group LLC. bought a new stake in shares of Paycom Software in the first quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software in the second quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paycom Software in the second quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Paycom Software in the first quarter valued at approximately $32,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CFO Craig E. Boelte sold 11,882 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now owns 294,849 shares in the company, valued at approximately $45,990,547.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the completion of the sale, the chief executive officer now owns 3,023,708 shares in the company, valued at approximately $423,923,861.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig E. Boelte sold 11,882 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,856 shares of company stock worth $11,792,926. Insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group cut their price target on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Citigroup cut their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, Barclays upped their target price on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $179.75.

Paycom Software Price Performance

PAYC stock opened at $166.34 on Wednesday. The stock has a market capitalization of $9.67 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17. The company’s 50-day moving average is $163.39 and its 200-day moving average is $167.51. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $279.96.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The company had revenue of $437.51 million for the quarter, compared to analysts’ expectations of $436.19 million. On average, analysts anticipate that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.90%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

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.