Sylebra Capital LLC Purchases 5,000 Shares of Paycom Software, Inc. (NYSE:PAYC)

Sylebra Capital LLC raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,962,468 shares of the software maker's stock after purchasing an additional 5,000 shares during the quarter. Paycom Software accounts for about 10.8% of Sylebra Capital LLC's portfolio, making the stock its 2nd largest position. Sylebra Capital LLC owned about 3.40% of Paycom Software worth $326,888,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its stake in shares of Paycom Software by 1,011.2% in the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker's stock valued at $83,244,000 after acquiring an additional 529,591 shares during the period. FMR LLC increased its stake in Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after buying an additional 357,723 shares during the period. International Assets Investment Management LLC increased its stake in Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock worth $46,859,000 after buying an additional 278,529 shares during the period. Confluence Investment Management LLC increased its stake in Paycom Software by 147.3% in the 3rd quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker's stock worth $62,943,000 after buying an additional 225,081 shares during the period. Finally, Raymond James & Associates increased its stake in Paycom Software by 769.2% in the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker's stock worth $28,803,000 after buying an additional 178,198 shares during the period. Institutional investors own 87.77% of the company's stock.

Paycom Software Trading Up 0.3 %

NYSE:PAYC traded up $0.72 during trading hours on Tuesday, reaching $235.66. 447,433 shares of the company were exchanged, compared to its average volume of 790,944. The stock's 50-day moving average is $201.19 and its 200-day moving average is $172.21. The firm has a market cap of $13.59 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.15 and a beta of 1.11. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $238.57.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software's dividend payout ratio is currently 18.05%.

Insider Activity at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $170.27, for a total value of $332,026.50. Following the completion of the transaction, the chief executive officer now owns 2,932,058 shares of the company's stock, valued at approximately $499,241,515.66. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 50,700 shares of company stock valued at $9,098,135. 12.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on PAYC shares. Mizuho raised their price target on shares of Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. TD Cowen raised their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research report on Monday. Barclays raised their target price on shares of Paycom Software from $172.00 to $181.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Citigroup raised 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. Finally, Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $200.33.

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.