Intrust Bank NA Sells 136 Shares of Paycom Software, Inc. (NYSE:PAYC)

Intrust Bank NA lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,358 shares of the software maker’s stock after selling 136 shares during the quarter. Intrust Bank NA’s holdings in Paycom Software were worth $281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Paycom Software by 83.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after buying an additional 71 shares during the period. GAMMA Investing LLC bought a new position in Paycom Software in the fourth quarter valued at $49,000. Headlands Technologies LLC acquired a new stake in Paycom Software in the 3rd quarter valued at $52,000. Operose Advisors LLC bought a new stake in Paycom Software during the 3rd quarter worth about $55,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Paycom Software during the 4th quarter worth about $62,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PAYC has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th. UBS Group boosted their price target on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Citigroup dropped their price objective on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, BTIG Research initiated coverage on shares of Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $257.18.

Paycom Software Stock Performance

NYSE:PAYC opened at $186.24 on Thursday. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 3.21 and a beta of 1.17. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04. The firm’s 50-day simple moving average is $189.91 and its 200 day simple moving average is $195.35.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same period last year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

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.