Aureus Asset Management LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 417.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,214 shares of the software maker's stock after buying an additional 107,487 shares during the period. Paycom Software accounts for about 1.5% of Aureus Asset Management LLC's portfolio, making the stock its 27th largest position. Aureus Asset Management LLC owned 0.23% of Paycom Software worth $22,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the stock. American Capital Management Inc. grew its position in shares of Paycom Software by 45.5% during the 3rd quarter. American Capital Management Inc. now owns 169,427 shares of the software maker's stock worth $28,221,000 after buying an additional 52,953 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Paycom Software in the third quarter worth about $16,702,000. Icon Wealth Advisors LLC grew its holdings in Paycom Software by 36.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 10,390 shares of the software maker's stock worth $1,731,000 after acquiring an additional 2,790 shares in the last quarter. Hantz Financial Services Inc. increased its position in Paycom Software by 23.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 42,176 shares of the software maker's stock valued at $7,025,000 after purchasing an additional 7,877 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its holdings 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 valued at $30,000 after purchasing an additional 77 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $160.35, for a total value of $312,682.50. Following the sale, the chief executive officer now directly owns 2,947,658 shares of the company's stock, valued at $472,656,960.30. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 54,600 shares of company stock worth $9,726,717 in the last 90 days. Insiders own 14.50% of the company's stock.
Paycom Software Price Performance
Paycom Software stock traded up $0.49 during mid-day trading on Monday, reaching $232.41. 601,951 shares of the company traded hands, compared to its average volume of 797,536. The firm's fifty day moving average is $192.17 and its two-hundred day moving average is $169.50. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 3.09 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 $237.33.
Paycom Software Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software's payout ratio is 18.05%.
Wall Street Analysts Forecast Growth
PAYC has been the topic of several research reports. TD Cowen lifted their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Mizuho boosted their price target on Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Citigroup raised their price objective on Paycom Software from $172.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Finally, Piper Sandler raised 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. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Paycom Software currently has a consensus rating of "Hold" and a consensus target price of $193.67.
Get Our Latest Stock Analysis on Paycom Software
About Paycom Software
(
Free Report)
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.
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