Fourpath Capital Management LLC Sells 188 Shares of Paycom Software, Inc. (NYSE:PAYC)

Fourpath Capital Management LLC reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,729 shares of the software maker’s stock after selling 188 shares during the quarter. Fourpath Capital Management LLC’s holdings in Paycom Software were worth $764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after acquiring an additional 905 shares during the period. JPMorgan Chase & Co. increased its holdings in Paycom Software by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after purchasing an additional 41,187 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after buying an additional 5,574 shares during the period. FMR LLC boosted its holdings in 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 buying an additional 357,723 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Paycom Software by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock worth $41,952,000 after buying an additional 6,916 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total transaction of $446,725.50. Following the transaction, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at $625,738,716.90. 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 available through this link. Over the last 90 days, insiders sold 7,800 shares of company stock valued at $1,756,209. Corporate insiders own 12.60% of the company’s stock.

Paycom Software Stock Down 1.1 %

Shares of PAYC opened at $205.20 on Tuesday. The company has a 50 day moving average of $215.83 and a 200-day moving average of $189.11. The stock has a market capitalization of $11.83 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.85 and a beta of 1.15. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAYC. Jefferies Financial Group lifted their price objective on shares of 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 shares of 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 price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Mizuho boosted their target price on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $204.75.

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.