Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Increased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,684 shares of the software maker’s stock after purchasing an additional 1,354 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Paycom Software were worth $980,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Armstrong Advisory Group Inc. acquired a new stake in shares of Paycom Software in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new position in shares of Paycom Software during the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after buying an additional 77 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after buying an additional 189 shares during the period. Finally, Blue Trust Inc. boosted its stake in Paycom Software by 277.1% during the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after buying an additional 194 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $211.76, for a total value of $412,932.00. Following the completion of the sale, the chief executive officer now directly owns 2,745,060 shares in the company, valued at approximately $581,293,905.60. 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. In the last quarter, insiders sold 11,700 shares of company stock valued at $2,577,900. 12.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAYC. Piper Sandler boosted their price target on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays cut their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Citigroup decreased their price target 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, January 16th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Mizuho lifted their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $204.75.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $213.58 on Wednesday. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The business’s 50-day moving average price is $216.98 and its two-hundred day moving average price is $188.11. The company has a market capitalization of $12.32 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14.

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.