1,074 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,074 shares of the software maker’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sylebra Capital LLC boosted its stake in shares of Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock worth $326,888,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Paycom Software by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock valued at $237,015,000 after purchasing an additional 45,404 shares during the period. FMR LLC boosted its position in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after purchasing an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock worth $104,524,000 after purchasing an additional 6,488 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after buying an additional 529,591 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

PAYC traded down $3.04 during midday trading on Tuesday, hitting $203.99. 107,905 shares of the company’s stock traded hands, compared to its average volume of 403,062. The company has a market cap of $11.76 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The stock’s fifty day simple moving average is $219.94 and its 200-day simple moving average is $181.02. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PAYC shares. Jefferies Financial Group lifted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays boosted their target price on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler upped their price target on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, TD Cowen raised their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $202.56.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 2,776,260 shares in the company, valued at approximately $454,279,423.80. 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 available through this link. Over the last three months, insiders sold 31,200 shares of company stock worth $5,808,231. Corporate 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.