Barclays PLC Buys 617 Shares of Paycom Software, Inc. (NYSE:PAYC)

Barclays PLC increased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 109,636 shares of the software maker’s stock after buying an additional 617 shares during the period. Barclays PLC’s holdings in Paycom Software were worth $18,261,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sylebra Capital LLC boosted its holdings in shares of Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after acquiring an additional 685,190 shares during the period. Federated Hermes Inc. boosted its stake in Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after purchasing an additional 529,591 shares during the period. FMR LLC increased its position in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after buying an additional 357,723 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after buying an additional 278,529 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its position in shares of Paycom Software by 147.3% in the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock valued at $62,943,000 after acquiring an additional 225,081 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $170.19, for a total transaction of $331,870.50. Following the completion of the transaction, the chief executive officer now owns 2,810,910 shares in the company, valued at approximately $478,388,772.90. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 48,750 shares of company stock valued at $8,771,880 in the last 90 days. 14.50% of the stock is currently owned by corporate insiders.

Paycom Software Price Performance

Paycom Software stock opened at $234.50 on Friday. The firm has a market cap of $13.52 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.20 and a beta of 1.11. The stock’s 50 day moving average is $205.46 and its 200 day moving average is $173.64. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s payout ratio is 18.05%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup raised their target price 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. Mizuho lifted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group upped their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Barclays upped their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $202.56.

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.