Stifel Financial Corp Has $8.48 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

28 Apr 2025, 06:20 by Renee Jackson · The Cerbat Gem

Stifel Financial Corp raised its position in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 41,365 shares of the software maker’s stock after purchasing an additional 294 shares during the period. Stifel Financial Corp’s holdings in Paycom Software were worth $8,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its position in shares of Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after purchasing an additional 51 shares in the last quarter. Michael S. Ryan Inc. grew its stake in shares of Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after buying an additional 68 shares during the period. Valley National Advisers Inc. grew its stake in shares of Paycom Software by 0.7% in the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after buying an additional 72 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Paycom Software by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker’s stock valued at $4,184,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the transaction, the insider now directly owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Piper Sandler raised their target price on Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. KeyCorp upgraded Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price for the company in a research note on Monday, March 10th. Finally, StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price of $212.80.

Check Out Our Latest Stock Analysis on PAYC

Paycom Software Stock Up 1.0 %

Paycom Software stock opened at $228.08 on Monday. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The company’s 50 day moving average price is $214.84 and its two-hundred day moving average price is $210.61. The stock has a market cap of $13.19 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.40 and a beta of 0.97.

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

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Paycom Software Company Profile

(Free Report)

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.