12,094 Shares in Paycom Software, Inc. $PAYC Purchased by First National Bank of Omaha

First National Bank of Omaha purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,094 shares of the software maker’s stock, valued at approximately $2,517,000.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Paycom Software during the fourth quarter valued at approximately $638,000. AQR Capital Management LLC boosted its holdings in Paycom Software by 23.7% during the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after acquiring an additional 3,674 shares during the period. United Services Automobile Association bought a new position in Paycom Software in the 1st quarter valued at $215,000. Empowered Funds LLC grew its position in Paycom Software by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after purchasing an additional 2,712 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 1.7%

Shares of PAYC stock opened at $124.34 on Thursday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.35 and a beta of 0.79. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76. The company’s 50 day moving average is $147.86 and its 200 day moving average is $181.47.

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

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s payout ratio is 18.54%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Citigroup dropped their target price on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Zacks Research lowered shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Mizuho lowered their price target on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $168.57.

Insider Buying and Selling

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.90% of the company’s stock.

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.