Accurate Wealth Management LLC Buys 1,330 Shares of Paycom Software, Inc. (NYSE:PAYC)

Accurate Wealth Management LLC raised its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,793 shares of the software maker's stock after acquiring an additional 1,330 shares during the period. Accurate Wealth Management LLC's holdings in Paycom Software were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PAYC. Sylebra Capital LLC boosted its position in shares of Paycom Software by 53.9% during the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock valued at $279,996,000 after acquiring an additional 685,190 shares in the last quarter. 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 valued at $167,889,000 after purchasing an additional 357,723 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock valued at $46,859,000 after purchasing an additional 278,529 shares during the period. Confluence Investment Management LLC lifted its position in shares of Paycom Software by 147.3% during the 3rd quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker's stock worth $62,943,000 after buying an additional 225,081 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock valued at $81,030,000 after buying an additional 151,807 shares in the last quarter. Institutional investors 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 that occurred on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the transaction, the chief executive officer now owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 23,400 shares of company stock valued at $4,534,725 in the last 90 days. 14.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a report on Monday, December 9th. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday. Mizuho increased 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. BMO Capital Markets lifted their price target on Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Finally, Piper Sandler increased their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $199.75.

Paycom Software Trading Up 1.1 %

Shares of PAYC traded up $2.21 on Thursday, reaching $207.56. 148,614 shares of the company's stock were exchanged, compared to its average volume of 430,267. The business has a 50 day moving average price of $219.78 and a two-hundred day moving average price of $183.62. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market capitalization of $11.97 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software's payout ratio is 18.05%.

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.