Liberty One Investment Management LLC Acquires 99 Shares of Paycom Software, Inc. (NYSE:PAYC)

Liberty One Investment Management LLC grew its stake in Paycom Software, Inc. (NYSE:PAYC) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,471 shares of the software maker’s stock after buying an additional 99 shares during the quarter. Liberty One Investment Management LLC’s holdings in Paycom Software were worth $302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sylebra Capital LLC lifted its holdings in 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 buying an additional 5,000 shares during the period. Geode Capital Management LLC grew its position in 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 grew its holdings 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 valued at $167,889,000 after buying an additional 357,723 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Paycom Software by 1.0% in the third 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Paycom Software by 45.4% during the third 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 in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $164.97, for a total transaction of $321,691.50. Following the transaction, the chief executive officer now owns 2,756,760 shares in the company, valued at $454,782,697.20. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 19,500 shares of company stock valued at $3,882,567. Insiders own 12.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays increased their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen raised their price target on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup reduced their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, BMO Capital Markets upped their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $199.75.

Paycom Software Trading Up 0.3 %

PAYC opened at $208.51 on Monday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The business’s 50-day moving average price is $218.99 and its 200-day moving average price is $184.83. The company has a market cap of $12.02 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.78 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software’s dividend payout ratio is currently 18.05%.

Paycom Software 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.