Prospera Private Wealth LLC Buys Shares of 3,917 Paycom Software, Inc. (NYSE:PAYC)

Prospera Private Wealth LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,917 shares of the software maker's stock, valued at approximately $652,000.

Several other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its holdings in Paycom Software by 7.3% in the third quarter. Banque Cantonale Vaudoise now owns 2,909 shares of the software maker's stock worth $484,000 after purchasing an additional 197 shares in the last quarter. Wrapmanager Inc. lifted its holdings in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock worth $362,000 after purchasing an additional 56 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Paycom Software in the 3rd quarter valued at $282,000. Meeder Asset Management Inc. grew its position in Paycom Software by 1,042.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 48,045 shares of the software maker's stock worth $8,003,000 after purchasing an additional 43,840 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Paycom Software by 71.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,497 shares of the software maker's stock valued at $583,000 after acquiring an additional 1,462 shares during the period. Institutional investors own 87.77% of the company's stock.

Paycom Software Price Performance

NYSE PAYC opened at $219.67 on Thursday. The company has a market cap of $12.67 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.90 and a beta of 1.14. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $233.69. The stock has a 50-day moving average of $183.34 and a two-hundred day moving average of $166.68.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software's payout ratio is presently 18.05%.

Insiders Place Their Bets

In other news, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the sale, the chief executive officer now owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 58,500 shares of company stock worth $10,361,228 in the last 90 days. Corporate insiders own 14.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Mizuho upped their price target on Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Barclays lifted their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Citigroup upped their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. TD Cowen lifted their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. Finally, BMO Capital Markets increased their price target on shares of Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and a consensus target price 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.