UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 43,530 Shares of Paycom Software, Inc. (NYSE:PAYC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,341 shares of the software maker's stock after selling 43,530 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of Paycom Software worth $41,200,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sylebra Capital LLC boosted its stake in Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock worth $279,996,000 after purchasing an additional 685,190 shares in the last quarter. Federated Hermes Inc. lifted its holdings in 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 lifted its stake in shares of 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 purchasing an additional 357,723 shares during the period. International Assets Investment Management LLC raised its position in Paycom Software by 9,997.5% in the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock worth $46,859,000 after acquiring an additional 278,529 shares during the period. Finally, Confluence Investment Management LLC lifted its position in Paycom Software by 147.3% during the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker's stock valued at $62,943,000 after purchasing an additional 225,081 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Barclays lifted their price target 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. Citigroup boosted their price target on shares of Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Mizuho raised their price objective on Paycom Software from $170.00 to $190.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $193.67.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $167.31, for a total transaction of $326,254.50. Following the transaction, the chief executive officer now directly owns 2,935,958 shares in the company, valued at approximately $491,215,132.98. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 52,650 shares of company stock worth $9,414,035 over the last quarter. Insiders own 12.60% of the company's stock.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $1.16 on Wednesday, reaching $231.04. The company had a trading volume of 285,517 shares, compared to its average volume of 795,050. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 3.09 and a beta of 1.11. The firm's 50-day moving average price is $194.49 and its two-hundred day moving average price is $170.20. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $237.33.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software's dividend payout ratio (DPR) is 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.