Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,120 shares of the software maker's stock after selling 2,350 shares during the period. Paycom Software makes up about 1.3% of Sendero Wealth Management LLC's portfolio, making the stock its 14th biggest position. Sendero Wealth Management LLC owned approximately 0.08% of Paycom Software worth $9,043,000 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 PAYC. Nisa Investment Advisors LLC lifted its holdings in shares of Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker's stock worth $444,000 after purchasing an additional 905 shares during the period. JPMorgan Chase & Co. raised its position in Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after buying an additional 41,187 shares during the last quarter. Profund Advisors LLC acquired a new stake in Paycom Software during the 2nd quarter valued at approximately $589,000. Sylebra Capital LLC boosted its holdings in shares of Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock valued at $279,996,000 after acquiring an additional 685,190 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock worth $10,962,000 after acquiring an additional 5,574 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Price Performance

NYSE PAYC traded up $2.66 on Thursday, hitting $208.01. The company had a trading volume of 396,479 shares, compared to its average volume of 455,328. The company has a market capitalization of $11.99 billion, a PE ratio of 25.03, a PEG ratio of 2.78 and a beta of 1.14. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The company's fifty day moving average price is $219.39 and its 200-day moving average price is $183.79.

Paycom Software Announces Dividend

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

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $165.27, for a total transaction of $322,276.50. Following the completion of the transaction, the chief executive officer now owns 2,766,510 shares of the company's stock, valued at $457,221,107.70. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 23,400 shares of company stock valued at $4,534,725. 14.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PAYC has been the subject of a number of research reports. Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday. TD Cowen raised 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. BMO Capital Markets boosted their price target on Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Twelve investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus price target of $199.75.

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.