Barclays PLC has sold its position in Paycom Software, Inc. (NYSE:PAYC – Free Report) increased 12.6% in the third quarter, the company said in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,514 shares of the software maker, after purchasing an additional 14,053 shares during the period. Barclays PLC’s stake in Paycom Software was worth $32,543,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also been buying and selling shares of PAYC. Fairfield Bush & CO. bought a new position in Paycom Software stock during the second quarter worth approximately $27,000. KB Financial Partners LLC acquired a new stake in Paycom Software during the first quarter worth approximately $28,000. Clear Street Markets LLC grew its stake in Paycom Software by 98.0% during the first quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock worth $29,000 after acquiring an additional 48 shares during the period. Lindbrook Capital LLC grew its holdings in Paycom Software by 5,100.0% during the second quarter. Lindbrook Capital LLC now owns 104 shares of the software maker’s stock worth $33,000 after acquiring an additional 102 shares during the period. Finally, Sunbelt acquired Securities Inc. during the first quarter, a new stake in Paycom Software valued at approximately $33,000. Institutional investors and hedge funds own 88.69% of the company’s shares.
Paycom Software Price Performance
Shares of NYSE PAYC opened at $194.99 on Friday. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50-day simple moving average is $195.87 and its 200-day simple moving average is $241.39.
Changes in analyst ratings
A number of analysts have expressed their opinions on the company. Piper Sandler reiterated a “neutral” rating and set a $185.00 price target on shares of Paycom Software in a report on Friday, December 1. Jefferies Financial Group reiterated a “hold” rating and set a $195.00 price target on shares of Paycom Software in a report on Friday, January 5th. Stifel Nicolaus downgraded Paycom Software from a “buy” rating to a “hold” rating and lowered their price target for the stock from $400.00 to $160.00 in a report on Wednesday, November 1st. UBS Group raised their price target on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 10. Finally, BMO Capital Markets lowered their price objective on shares of Paycom Software from $320.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of ‘Hold’ and a consensus price target of $267.76.
Check out our latest analysis of Paycom software
About Paycom software
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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