Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its stake in shares of Paycom Software, Inc. (NYSE:PAYC – Get Rating) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,051 shares of the software maker’s stock after selling 174 shares during the period. Intrust Bank NA’s holdings in Paycom Software were worth $636,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PAYC. Accurate Wealth Management LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $29,000. General Partner Inc. acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $33,000. Sonnipe Ltd acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $38,000. CI Investments Inc. raised its position in shares of Paycom Software by 111.9% in the fourth quarter. CI Investments Inc. now owns 142 shares of the software maker’s stock valued at $44,000 after buying an additional 75 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of Paycom Software by 116.7% in the fourth quarter. Kistler Tiffany Companies LLC now owns 156 shares of the software maker’s stock valued at $48,000 after buying an additional 84 shares during the last quarter. 88.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Paycom Software from $324.00 to $336.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. KeyCorp dropped their price objective on shares of Paycom Software from $432.00 to $405.00 in a report on Wednesday, May 3rd. Credit Suisse Group dropped their price objective on shares of Paycom Software from $430.00 to $375.00 in a report on Wednesday, May 3rd. Oppenheimer upped their price objective on shares of Paycom Software from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Finally, Citigroup upped their price objective on shares of Paycom Software from $357.00 to $361.00 in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.53.

Insider Activity at Paycom Software

In related news, Director Jason D. Clark sold 1,070 shares of Paycom Software stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $278.33, for a total value of $297,813.10. Following the transaction, the director now directly owns 4,741 shares in the company, valued at approximately $1,319,562.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 14.50% of the stock is currently owned by insiders.

Paycom Software Trading Down 0.6 %

NYSE PAYC opened at $279.02 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 1.82 and a beta of 1.41. The firm has a 50 day simple moving average of $285.56 and a 200-day simple moving average of $302.54. Paycom Software, Inc. has a one year low of $255.82 and a one year high of $402.78.

Paycom Software (NYSE:PAYC – Get Rating) last announced its earnings results on Tuesday, May 2nd. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. The business had revenue of $451.64 million for the quarter, compared to analyst estimates of $444.23 million. Equities research analysts anticipate that Paycom Software, Inc. will post 6.17 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.54%.

Paycom Software Profile

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Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.