HBW Advisory Services LLC Has $2.71 Million Position in Paycom Software, Inc. (NYSE:PAYC)

HBW Advisory Services LLC cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,235 shares of the software maker’s stock after selling 84 shares during the quarter. HBW Advisory Services LLC’s holdings in Paycom Software were worth $2,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sylebra Capital LLC increased its position in shares of Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock valued at $326,888,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after purchasing an additional 45,404 shares during the period. FMR LLC lifted its holdings in shares of Paycom Software by 55.0% during 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of 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 valued at $104,524,000 after purchasing an additional 6,488 shares during the period. Finally, Federated Hermes Inc. increased its stake 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 purchasing an additional 529,591 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $163.51, for a total value of $318,844.50. Following the sale, the chief executive officer now directly owns 2,770,410 shares in the company, valued at $452,989,739.10. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 27,300 shares of company stock worth $5,172,921. Insiders own 12.60% of the company’s stock.

Paycom Software Trading Up 1.9 %

NYSE PAYC traded up $3.80 during trading on Friday, hitting $203.22. 300,756 shares of the company’s stock were exchanged, compared to its average volume of 445,819. The company has a market cap of $11.72 billion, a PE ratio of 24.45, a P/E/G ratio of 3.12 and a beta of 1.14. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The stock’s 50 day moving average price is $220.99 and its two-hundred day moving average price is $181.66.

Paycom Software Announces Dividend

The company also recently disclosed 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. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

Wall Street Analyst Weigh In

PAYC has been the subject of several research reports. Mizuho raised their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Citigroup increased their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. TD Cowen increased their price target 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. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $202.56.

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.