Atria Investments Inc has sold its interest in the shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) increased 36.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company owned 17,327 shares of the software maker, after purchasing an additional 4,601 shares during the quarter. Atria Investments Inc’s holdings in Paycom Software were worth $2,886,000 at the time of the most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in PAYC. Nisa Investment Advisors LLC increased its position in shares of Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after acquiring an additional 905 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Paycom Software by 29.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker worth $12,848,000 after purchasing an additional 14,670 shares in the last quarter. Sylebra Capital LLC purchased a new position in Paycom Software during the first quarter valued at approximately $253,196,000. Profund Advisors LLC bought a new stake in shares of Paycom Software in the second quarter valued at $589,000. Finally, BOKF NA increased its position in Paycom Software shares by 453.0% during the first quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after purchasing an additional 7,552 shares during the period. Institutional investors own 87.77% of the company’s shares.
Buying and selling with insider information at Paycom Software
In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock sold at an average price of $228.38, for a total value of $445,341.00. Following the transaction, the CEO now owns 2,735,310 shares in the company, valued at $624,690,097.80. This transaction represents a 0.00% decrease in their ownership of the shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Last quarter, insiders sold 58,500 company shares worth $10,226,093. Insiders own 14.50% of the company’s shares.
Paycom software trading drops 0.5%
PAYC opened at $227.80 on Thursday. Paycom Software, Inc. has a one-year low of $139.50 and a one-year high of $233.69. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.06, and a beta of 1.14. The company’s fifty-day moving average price is $176.21 and its two-hundred-day moving average price is $164.88.
Dividend announcement from Paycom Software
The company also recently announced a quarterly dividend, which will be paid on Monday, December 9. Investors of record on Monday, November 25 will receive a dividend of $0.375. The ex-dividend date is Monday, November 25. This represents a dividend of $1.50 annually and a dividend yield of 0.66%. Paycom Software’s dividend payout ratio currently stands at 18.05%.
Analyst upgrades and downgrades
Several research firms have recently released reports on PAYC. Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31. TD Cowen raised their target price on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23. Citigroup raised their price target on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31. Barclays raised their price target on Paycom Software from $172.00 to $181.00 and gave the stock an “equalweight” rating in a report on Thursday, October 31. Finally, Mizuho raised their price objective on shares of Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $193.67.
Get our latest stock report on Paycom Software
Paycom software profile
(Free report)
Paycom Software, Inc offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized businesses in the United States. It provides functionality and data analytics that companies need to manage the employment lifecycle, from hiring to retirement.
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