Stephens Inc. AR Acquires 2,538 Shares of Paycom Software, Inc. (NYSE:PAYC)

Stephens Inc. AR lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 43.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,441 shares of the software maker's stock after buying an additional 2,538 shares during the quarter. Stephens Inc. AR's holdings in Paycom Software were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Paycom Software by 6.9% during the first quarter. Van ECK Associates Corp now owns 9,035 shares of the software maker's stock valued at $1,798,000 after purchasing an additional 581 shares during the last quarter. Norden Group LLC boosted its holdings in shares of Paycom Software by 13.6% during the first quarter. Norden Group LLC now owns 3,220 shares of the software maker's stock valued at $641,000 after acquiring an additional 385 shares during the period. Private Advisor Group LLC increased its holdings in shares of Paycom Software by 10.9% in the 1st quarter. Private Advisor Group LLC now owns 2,796 shares of the software maker's stock worth $556,000 after acquiring an additional 274 shares during the period. Diversify Advisory Services LLC bought a new stake in Paycom Software in the 1st quarter valued at about $256,000. Finally, Janney Montgomery Scott LLC boosted its stake in Paycom Software by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker's stock valued at $11,790,000 after purchasing an additional 8,927 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $158.31, for a total transaction of $308,704.50. Following the completion of the sale, the chief executive officer now directly owns 2,984,708 shares of the company's stock, valued at $472,509,123.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares of the company's stock, valued at approximately $2,327,889.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $158.31, for a total transaction of $308,704.50. Following the completion of the sale, the chief executive officer now directly owns 2,984,708 shares in the company, valued at approximately $472,509,123.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock valued at $11,827,441 in the last three months. 12.60% of the stock is currently owned by company insiders.

Paycom Software Price Performance

NYSE PAYC traded up $7.08 on Tuesday, hitting $218.54. 1,017,026 shares of the company were exchanged, compared to its average volume of 819,562. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $222.30. The firm has a market capitalization of $12.55 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14. The company's 50 day moving average price is $168.50 and its 200-day moving average price is $163.19.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. 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 a number of research analyst reports. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Barclays increased their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Citigroup boosted their target price on Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, Mizuho upped their price objective on Paycom Software from $170.00 to $190.00 and gave the company a "neutral" rating in a report on Monday. Twelve equities research 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 a consensus rating of "Hold" and a consensus price target of $193.67.

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.