One Wealth Capital Management LLC Takes Position in Paycom Software, Inc. (NYSE:PAYC)

One Wealth Capital Management LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,923 shares of the software maker’s stock, valued at approximately $394,000.

A number of other institutional investors have also recently bought and sold shares of PAYC. Regent Peak Wealth Advisors LLC purchased a new position in shares of Paycom Software during the 4th quarter valued at $220,000. Nordea Investment Management AB boosted its position in Paycom Software by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock valued at $41,952,000 after purchasing an additional 6,916 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Paycom Software in the fourth quarter valued at about $314,000. GAMMA Investing LLC increased its position in Paycom Software by 81.1% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the software maker’s stock worth $120,000 after purchasing an additional 262 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Paycom Software by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after purchasing an additional 41,187 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAYC has been the subject of several recent research reports. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Piper Sandler upped their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. 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 note on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Citigroup upped their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $202.56.

Paycom Software Trading Down 2.6 %

PAYC traded down $5.36 on Tuesday, hitting $201.67. 267,317 shares of the stock traded hands, compared to its average volume of 437,349. The business has a fifty day moving average price of $219.94 and a two-hundred day moving average price of $181.02. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The firm has a market capitalization of $11.63 billion, a PE ratio of 24.27, a P/E/G ratio of 3.12 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.74%. Paycom Software’s dividend payout ratio (DPR) is currently 18.05%.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $163.63, for a total value of $319,078.50. Following the sale, the chief executive officer now directly owns 2,776,260 shares in the company, valued at $454,279,423.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 31,200 shares of company stock valued at $5,808,231. Company insiders own 14.50% of the company’s stock.

About Paycom Software

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.