Mpwm Advisory Solutions LLC Invests $82,000 in Paycom Software, Inc. (NYSE:PAYC)

Mpwm Advisory Solutions LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 400 shares of the software maker’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA raised its holdings 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 worth $118,000 after acquiring an additional 49 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in 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 buying an additional 51 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Paycom Software by 1.1% during the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after acquiring an additional 60 shares during the period. Fiduciary Trust Co grew its position in shares of Paycom Software by 1.6% during the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker’s stock valued at $921,000 after acquiring an additional 71 shares during the period. Finally, Valley National Advisers Inc. grew its position in shares of Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $260.22 on Wednesday. The firm has a fifty day moving average price of $224.74 and a two-hundred day moving average price of $218.83. Paycom Software, Inc. has a one year low of $139.50 and a one 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.

Paycom Software (NYSE:PAYC) last announced 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. 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 during the quarter, compared to the consensus estimate of $522.92 million. During the same period last year, the firm earned $2.59 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company 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 0.58%. The ex-dividend date is Tuesday, May 27th. Paycom Software’s payout ratio is 21.40%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAYC. Stifel Nicolaus increased their target price on shares of Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. BMO Capital Markets raised their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a report on Thursday, May 8th. Piper Sandler raised their price objective on shares of Paycom Software from $224.00 to $246.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. KeyCorp raised their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus price target of $226.90.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the firm’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 in the company, valued at approximately $5,775,620.33. This trade represents a 9.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Randall Peck sold 3,600 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,526 shares of company stock valued at $37,450,796 in the last three months. Company insiders own 10.90% of the company’s stock.

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.