Natixis Advisors LLC has sold its interest in Paycom Software, Inc. (NYSE:PAYC – Free Report) increased 23.8% in the third quarter, the company said in its most recent 13F filing with the SEC. The company owned 70,940 shares of the software maker, after purchasing an additional 13,640 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Paycom Software worth $11,816,000 at the end of the most recent reporting period.
Other major investors have also recently changed their holdings in the company. Ashton Thomas Private Wealth LLC bought a new position in Paycom Software during the second quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in Paycom Software in the second quarter worth approximately $26,000. Armstrong Advisory Group Inc. bought a new position in Paycom Software stock during the third quarter worth approximately $26,000. Meerdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paycom Software worth approximately $27,000 during the second quarter. Finally, CVA Family Office LLC increased its holdings in shares of Paycom Software by 234.3% in the second quarter. CVA Family Office LLC now owns 234 shares of the software maker’s stock worth $33,000 after purchasing an additional 164 shares during the period. Institutional investors own 87.77% of the company’s shares.
Paycom software increases by 1.3%
Shares of NYSE PAYC opened at $219.67 on Thursday. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 26.43, a price-to-earnings growth ratio of 2.94 and a beta of 1.14. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $233.69. The stock’s fifty day simple moving average is $182.32 and its two hundred day simple moving average is $166.31.
Paycom Software announces dividend
The company also recently declared 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 per share. The ex-dividend date of this dividend is Monday, November 25. This represents a dividend of $1.50 annually and a dividend yield of 0.68%. Paycom Software’s dividend payout ratio (DPR) currently stands at 18.05%.
Wall Street analysts weigh in
Several stock analysts have commented on the company. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. TD Cowen raised their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23. Jefferies Financial Group raised their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of ‘Hold’ and an average price target of $193.67.
Read our latest research report on Paycom software
Insider activity at Paycom Software
In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares sold at an average price of $229.09, for a total transaction of $446,725.50. Following the transaction, the CEO now owns 2,731,410 shares in the company, valued at $625,738,716.90. This represents a 0.07% decrease in their shareholdings. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 58,500 company shares worth $10,361,228 in the last 90 days. Insiders own 12.60% of the company’s shares.
About Paycom software
(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.
Read more
Receive daily news and reviews for Paycom software – Enter your email address below to receive a daily digest of the latest news and analyst ratings for Paycom Software and related companies with MarketBeat.com’s FREE daily email newsletter.
