First National Bank of Omaha Takes Position in Paycom Software, Inc. $PAYC

First National Bank of Omaha acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, Holdings Channel reports. The fund acquired 12,094 shares of the software maker’s stock, valued at approximately $2,517,000.

Several other large investors also recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its stake in shares of Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock valued at $101,355,000 after buying an additional 482,186 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Paycom Software in the second quarter worth about $49,853,000. Vanguard Group Inc. grew its holdings in Paycom Software by 3.2% during the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after acquiring an additional 179,218 shares during the period. State Street Corp raised its position in Paycom Software by 8.4% during the second quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after acquiring an additional 162,477 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after acquiring an additional 158,967 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAYC. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. UBS Group cut their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a report on Monday, January 26th. Cantor Fitzgerald decreased their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. BTIG Research dropped their target price on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Citigroup reduced their price target on Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and a consensus target price of $168.57.

Paycom Software Trading Up 1.7%

Shares of Paycom Software stock opened at $124.34 on Thursday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The firm has a market capitalization of $7.00 billion, a PE ratio of 15.37, a P/E/G ratio of 1.35 and a beta of 0.79. The firm’s 50-day moving average price is $147.86 and its 200 day moving average price is $181.47.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The business had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 earnings per share. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is presently 18.54%.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.