Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Oak Thistle LLC

Oak Thistle LLC cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 40.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,807 shares of the software maker’s stock after selling 1,218 shares during the quarter. Oak Thistle LLC’s holdings in Paycom Software were worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sylebra Capital LLC increased its position in shares of Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after purchasing an additional 685,190 shares during the last quarter. FMR LLC grew its stake in shares of Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Paycom Software by 9,997.5% in the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after buying an additional 278,529 shares during the last quarter. Confluence Investment Management LLC raised its stake in 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 buying an additional 225,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after buying an additional 151,807 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Trading Up 1.3 %

NYSE PAYC opened at $208.01 on Friday. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.78 and a beta of 1.14. The business’s 50 day moving average is $219.39 and its two-hundred day moving average is $183.79. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s payout ratio is 18.05%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the transaction, the chief executive officer now directly owns 2,731,410 shares of the company’s stock, valued at $625,738,716.90. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 21,450 shares of company stock valued at $4,212,449. 14.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PAYC shares. Piper Sandler upped their price target on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Cowen lifted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $199.75.

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.