Oak Thistle LLC Has $370,000 Holdings in Paycom Software, Inc. (NYSE:PAYC)

Oak Thistle LLC reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,807 shares of the software maker's stock after selling 1,218 shares during the quarter. Oak Thistle LLC's holdings in Paycom Software were worth $370,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PAYC. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software during the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new stake in Paycom Software during the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised its stake in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. First Horizon Advisors Inc. boosted 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 period. Finally, Blue Trust Inc. grew its stake in shares of Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker's stock worth $44,000 after purchasing an additional 194 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAYC. Piper Sandler upped their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Mizuho boosted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. 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. TD Cowen boosted their target price on Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, Jefferies Financial Group increased their price target on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $199.75.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $164.29, for a total value of $320,365.50. Following the completion of the transaction, the chief executive officer now owns 2,760,660 shares of the company's stock, valued at approximately $453,548,831.40. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 21,450 shares of company stock worth $4,212,449. Company insiders own 12.60% of the company's stock.

Paycom Software Price Performance

Shares of PAYC traded up $0.55 during trading hours on Friday, hitting $208.51. 544,314 shares of the company were exchanged, compared to its average volume of 463,410. The company has a market capitalization of $12.02 billion, a PE ratio of 25.09, a PEG ratio of 2.78 and a beta of 1.14. The firm has a fifty day simple moving average of $219.39 and a 200-day simple moving average of $183.79. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software's dividend payout ratio is currently 18.05%.

Paycom Software Company 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.