Hantz Financial Services Inc. Buys 2,334 Shares of Paycom Software, Inc. (NYSE:PAYC)

Hantz Financial Services Inc. boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,510 shares of the software maker's stock after acquiring an additional 2,334 shares during the quarter. Hantz Financial Services Inc. owned 0.08% of Paycom Software worth $9,123,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Public Sector Pension Investment Board bought a new stake in Paycom Software during the second quarter valued at $203,000. Marshall Wace LLP acquired a new position in Paycom Software in the second quarter valued at approximately $1,867,000. MBB Public Markets I LLC bought a new position in Paycom Software during the second quarter worth $532,000. The Manufacturers Life Insurance Company grew its stake in shares of Paycom Software by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,571 shares of the software maker's stock valued at $5,660,000 after buying an additional 879 shares during the period. Finally, Creative Planning increased its holdings in shares of Paycom Software by 13.2% during the second quarter. Creative Planning now owns 5,951 shares of the software maker's stock valued at $851,000 after acquiring an additional 692 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $209.62, for a total value of $408,759.00. Following the completion of the sale, the chief executive officer now directly owns 2,747,010 shares in the company, valued at $575,828,236.20. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 11,700 shares of company stock worth $2,577,900 in the last quarter. Corporate insiders own 14.50% of the company's stock.

Paycom Software Price Performance

PAYC stock traded up $0.23 during midday trading on Thursday, hitting $206.70. The stock had a trading volume of 69,951 shares, compared to its average volume of 449,254. The business has a 50-day moving average of $216.98 and a two-hundred day moving average of $188.11. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74.

Analyst Ratings Changes

PAYC has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Barclays decreased their target price on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Mizuho upped their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday, December 13th. StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. Finally, TD Cowen lifted 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. Twelve research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $204.75.

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.