BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $104.52 Million Holdings in Paycom Software, Inc. (NYSE:PAYC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 627,510 shares of the software maker's stock after purchasing an additional 6,488 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 1.09% of Paycom Software worth $104,524,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software in the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software during the second quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Paycom Software during the second quarter valued at $27,000. Finally, First Horizon Advisors Inc. boosted its holdings in Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Up 1.3 %

Shares of PAYC stock opened at $219.67 on Thursday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $233.69. The firm has a fifty day moving average of $182.32 and a 200-day moving average of $166.31. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.90 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software's dividend payout ratio is 18.05%.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $163.12, for a total transaction of $318,084.00. Following the sale, the chief executive officer now owns 3,534,499 shares in the company, valued at $576,547,476.88. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 58,500 shares of company stock worth $10,361,228 over the last three months. Corporate insiders own 14.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAYC. Mizuho boosted their price objective on Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. BMO Capital Markets lifted 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. TD Cowen upped their price objective on Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Piper Sandler raised their target price on Paycom Software from $160.00 to $191.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Paycom Software presently has an average rating of "Hold" and a consensus target price of $193.67.

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.

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