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Sanctuary Advisors LLC Grows Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Paycom Software logo with Computer and Technology background

Sanctuary Advisors LLC increased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 42.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,501 shares of the software maker's stock after purchasing an additional 2,517 shares during the quarter. Sanctuary Advisors LLC's holdings in Paycom Software were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAYC. Ashton Thomas Private Wealth LLC acquired a new position in shares of Paycom Software during the 2nd quarter worth approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software during the third quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paycom Software in the 2nd quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of Paycom Software in the 3rd quarter valued at approximately $28,000. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock valued at $30,000 after buying an additional 77 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $170.41, for a total value of $332,299.50. Following the completion of the sale, the chief executive officer now directly owns 2,801,160 shares of the company's stock, valued at approximately $477,345,675.60. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 42,900 shares of company stock worth $7,774,826. Insiders own 14.50% of the company's stock.

Paycom Software Trading Up 0.1 %

PAYC stock traded up $0.24 during trading on Friday, reaching $207.23. 1,603,365 shares of the stock were exchanged, compared to its average volume of 792,689. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The firm's 50 day moving average is $210.96 and its 200 day moving average is $175.74. The firm has a market cap of $11.95 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.11.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were paid a dividend of $0.375 per share. The ex-dividend date 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 (DPR) is presently 18.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PAYC shares. TD Cowen increased their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. StockNews.com raised Paycom Software from a "hold" rating to a "buy" rating in a report on Monday, December 16th. Piper Sandler lifted their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Citigroup increased their target price on shares of Paycom Software from $172.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Paycom Software currently has an average rating of "Hold" and an average price target of $202.56.

Get Our Latest Stock Report on Paycom Software

Paycom Software Profile

(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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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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