Paycom Software, Inc. (NYSE:PAYC) is Whetstone Capital Advisors LLC’s 8th Largest Position

Whetstone Capital Advisors LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,015 shares of the software maker’s stock after selling 322 shares during the period. Paycom Software accounts for 3.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Whetstone Capital Advisors LLC owned 0.09% of Paycom Software worth $8,164,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Natixis purchased a new position in Paycom Software during the first quarter valued at approximately $96,000. Advisors Asset Management Inc. increased its stake in shares of Paycom Software by 37.0% in the first quarter. Advisors Asset Management Inc. now owns 300 shares of the software maker’s stock worth $60,000 after acquiring an additional 81 shares during the last quarter. BOKF NA raised its holdings in shares of Paycom Software 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 acquiring an additional 7,552 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in Paycom Software by 110.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $872,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Paycom Software by 145.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 268,692 shares of the software maker’s stock valued at $53,472,000 after purchasing an additional 159,435 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $163.12, for a total transaction of $318,084.00. Following the sale, the chief executive officer now directly owns 3,534,499 shares of the company’s stock, valued at approximately $576,547,476.88. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 56,550 shares of company stock worth $10,044,801 in the last quarter. 12.60% of the stock is owned by corporate insiders.

Paycom Software Price Performance

Shares of PAYC stock opened at $230.32 on Monday. The stock’s fifty day simple moving average is $185.75 and its 200 day simple moving average is $167.39. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $233.69. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.07 and a beta of 1.14.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s payout ratio is 18.05%.

Analyst Ratings Changes

PAYC has been the subject of a number of recent research reports. Piper Sandler raised their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Citigroup upped their target price on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Barclays lifted their price target on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $193.67.

Paycom Software Company Profile

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.