Czech National Bank Purchases 1,097 Shares of Paycom Software, Inc. $PAYC

Czech National Bank grew its stake in Paycom Software, Inc. (NYSE:PAYC) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,912 shares of the software maker’s stock after buying an additional 1,097 shares during the quarter. Czech National Bank’s holdings in Paycom Software were worth $2,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. Sylebra Capital LLC increased its position in Paycom Software by 63.8% in the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock valued at $658,996,000 after acquiring an additional 1,252,617 shares during the period. Baillie Gifford & Co. grew its position in Paycom Software by 1,918.4% in the first quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock worth $346,180,000 after buying an additional 1,505,990 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Paycom Software by 5.0% during the 1st quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker’s stock valued at $269,398,000 after buying an additional 58,176 shares during the period. Northern Trust Corp raised its holdings in Paycom Software by 2.3% in the 1st quarter. Northern Trust Corp now owns 740,385 shares of the software maker’s stock worth $161,759,000 after acquiring an additional 16,369 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Paycom Software by 12.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,626 shares of the software maker’s stock worth $138,435,000 after purchasing an additional 69,884 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider owned 24,533 shares in the company, valued at approximately $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. KeyCorp lifted their price target on shares of Paycom Software from $285.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. UBS Group dropped their target price on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $238.58.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $216.32 on Friday. Paycom Software, Inc. has a 1-year low of $158.03 and a 1-year high of $267.76. The stock has a market capitalization of $12.52 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. The business has a fifty day moving average price of $225.68 and a 200 day moving average price of $229.47.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, topping the consensus estimate of $1.78 by $0.28. The firm had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.Paycom Software’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s dividend payout ratio is 20.30%.

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.