Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 193.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,934 shares of the software maker’s stock after buying an additional 4,575 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Paycom Software were worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Paycom Software in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its stake in Paycom Software by 333.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Paycom Software by 83.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after buying an additional 71 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $41,000. Finally, GAMMA Investing LLC purchased a new position in shares of Paycom Software in the fourth quarter worth about $49,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE:PAYC opened at $147.40 on Friday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 17.95, a PEG ratio of 2.25 and a beta of 1.17. Paycom Software, Inc. has a fifty-two week low of $140.12 and a fifty-two week high of $374.04. The company has a 50 day moving average price of $167.91 and a 200 day moving average price of $185.03.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, topping the consensus estimate of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The business had revenue of $499.88 million during the quarter, compared to analyst estimates of $495.89 million. Research analysts forecast that Paycom Software, Inc. will post 6.26 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s dividend payout ratio is currently 18.27%.

Insiders Place Their Bets

In other news, EVP Amy Vickroy sold 1,381 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total value of $198,021.59. Following the completion of the transaction, the executive vice president now owns 19,962 shares of the company’s stock, valued at $2,862,351.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Amy Vickroy sold 1,381 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $143.39, for a total transaction of $198,021.59. Following the sale, the executive vice president now owns 19,962 shares of the company’s stock, valued at $2,862,351.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason D. Clark sold 906 shares of Paycom Software stock in a transaction on Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the completion of the transaction, the insider now owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The disclosure for this sale can be found here. Insiders have sold 21,787 shares of company stock worth $3,430,426 over the last three months. Company insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PAYC shares. Mizuho dropped their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. BMO Capital Markets dropped their price target on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Barclays reduced their price objective on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus target price of $240.94.

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.