Murphy & Mullick Capital Management Corp Invests $30,000 in Paycom Software, Inc. (NYSE:PAYC)

Murphy & Mullick Capital Management Corp purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, Holdings Channel reports. The firm purchased 144 shares of the software maker’s stock, valued at approximately $30,000.

A number of other institutional investors also recently made changes to their positions in PAYC. Brooklyn Investment Group purchased a new stake in Paycom Software during the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after buying an additional 178 shares in the last quarter. Blue Trust Inc. raised its position in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after buying an additional 88 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Paycom Software during the third quarter valued at approximately $79,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock worth $1,476,024. 14.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on PAYC shares. Piper Sandler lifted their target price on shares of Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their target price on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. TD Cowen raised their price target on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective for the company in a research note on Monday, March 10th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $212.80.

Paycom Software Price Performance

Paycom Software stock opened at $225.55 on Friday. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock’s 50-day moving average is $212.08 and its 200-day moving average is $202.97.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, March 10th. Paycom Software’s dividend payout ratio is presently 16.85%.

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.