Nisa Investment Advisors LLC grew its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 175.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,351 shares of the software maker's stock after purchasing an additional 4,685 shares during the period. Nisa Investment Advisors LLC's holdings in Paycom Software were worth $1,507,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in PAYC. Armstrong Advisory Group Inc. bought a new position in shares of Paycom Software during the third quarter valued at $26,000. Brooklyn Investment Group bought a new stake in Paycom Software during the third quarter worth about $28,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock worth $30,000 after buying an additional 77 shares in the last quarter. First Horizon Advisors Inc. grew its position in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after acquiring an additional 189 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker's stock valued at $44,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 87.77% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on PAYC shares. BMO Capital Markets increased their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Piper Sandler raised their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Mizuho raised their price target 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. Finally, TD Cowen upped their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating, According to MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus price target of $204.75.
Read Our Latest Stock Analysis on PAYC
Insider Activity at Paycom Software
In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $209.62, for a total value of $408,759.00. Following the sale, the chief executive officer now owns 2,747,010 shares of the company's stock, valued at $575,828,236.20. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 13,650 shares of company stock worth $2,914,139 in the last quarter. Corporate insiders own 14.50% of the company's stock.
Paycom Software Trading Up 0.3 %
Shares of NYSE:PAYC traded up $0.66 during mid-day trading on Tuesday, reaching $213.58. The stock had a trading volume of 420,796 shares, compared to its average volume of 470,041. The firm has a 50 day simple moving average of $217.17 and a two-hundred day simple moving average of $187.17. The firm has a market cap of $12.31 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74.
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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