Bank Hapoalim BM Has $312,000 Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Bank Hapoalim BM lowered its stake in Paycom Software, Inc. (NYSE:PAYC) by 12.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,873 shares of the software maker’s stock after selling 257 shares during the quarter. Bank Hapoalim BM’s holdings in Paycom Software were worth $312,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PAYC. Sylebra Capital LLC bought a new stake in shares of Paycom Software in the 1st quarter valued at $253,196,000. Federated Hermes Inc. increased its position in shares of Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after buying an additional 529,591 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after buying an additional 278,529 shares in the last quarter. Raymond James & Associates increased its position in shares of Paycom Software by 769.2% in the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock valued at $28,803,000 after buying an additional 178,198 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in Paycom Software by 12,268.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock worth $242,000 after purchasing an additional 167,834 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE:PAYC traded up $34.61 during mid-day trading on Thursday, hitting $206.86. The stock had a trading volume of 297,155 shares, compared to its average volume of 806,496. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $247.42. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.34 and a beta of 1.17. The company’s 50 day simple moving average is $165.64 and its 200 day simple moving average is $162.91.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The business had revenue of $437.51 million during the quarter, compared to the consensus estimate of $436.19 million. As a group, equities analysts forecast that Paycom Software, Inc. will post 6.64 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.73%. Paycom Software’s dividend payout ratio (DPR) is currently 18.07%.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $163.71, for a total transaction of $319,234.50. Following the completion of the sale, the chief executive officer now directly owns 2,990,558 shares in the company, valued at $489,584,250.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $163.71, for a total transaction of $319,234.50. Following the completion of the sale, the chief executive officer now directly owns 2,990,558 shares in the company, valued at $489,584,250.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the sale, the insider now owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,906 shares of company stock worth $11,714,536. Insiders own 12.60% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the subject of a number of research reports. Jefferies Financial Group increased their target price on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Barclays increased their target price on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Piper Sandler increased their target price on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $182.92.

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.