B. Riley Wealth Advisors Inc. Has $234,000 Stake in Paycom Software, Inc. (NYSE:PAYC)

B. Riley Wealth Advisors Inc. reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,405 shares of the software maker’s stock after selling 604 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Paycom Software were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in Paycom Software in the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in shares of Paycom Software during the 3rd quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in Paycom Software in the second quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. raised its position in Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paycom Software during the second quarter worth $27,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $170.41, for a total transaction of $332,299.50. Following the completion of the transaction, the chief executive officer now owns 2,801,160 shares of the company’s stock, valued at $477,345,675.60. This trade represents 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 at the SEC website. Insiders have sold a total of 42,900 shares of company stock valued at $7,774,826 over the last ninety days. 14.50% of the stock is owned by company insiders.

Paycom Software Stock Up 0.1 %

NYSE PAYC opened at $207.23 on Friday. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.12 and a beta of 1.11. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock has a fifty day simple moving average of $210.96 and a 200 day simple moving average of $175.94.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a dividend of $0.375 per share. The ex-dividend date was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

Analyst Ratings Changes

A number of research firms have recently commented on PAYC. Piper Sandler boosted their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays boosted their target price on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen increased their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $202.56.

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.