Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 21.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,872 shares of the software maker's stock after selling 3,191 shares during the quarter. US Bancorp DE's holdings in Paycom Software were worth $1,978,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norden Group LLC boosted its stake in shares of Paycom Software by 13.6% in the first quarter. Norden Group LLC now owns 3,220 shares of the software maker's stock valued at $641,000 after buying an additional 385 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Paycom Software by 10.9% during the 1st quarter. Private Advisor Group LLC now owns 2,796 shares of the software maker's stock worth $556,000 after purchasing an additional 274 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Paycom Software by 1.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 28,055 shares of the software maker's stock worth $5,583,000 after purchasing an additional 338 shares during the period. Empirical Finance LLC increased its holdings in shares of Paycom Software by 3.9% in the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker's stock valued at $314,000 after purchasing an additional 60 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Paycom Software by 27.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 48,158 shares of the software maker's stock valued at $9,584,000 after purchasing an additional 10,311 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Paycom Software stock traded down $3.90 during midday trading on Thursday, reaching $227.19. The stock had a trading volume of 587,702 shares, compared to its average volume of 821,073. The stock has a market capitalization of $13.10 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. The stock's 50-day simple moving average is $172.24 and its 200 day simple moving average is $164.35. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $233.69.

Paycom Software Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software's dividend payout ratio is presently 18.05%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAYC. Citigroup raised their price objective on Paycom Software from $172.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Monday, July 15th. Jefferies Financial Group boosted their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. TD Cowen raised their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Mizuho lifted their target price on shares of Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $193.67.

Insider Activity at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $216.60, for a total value of $422,370.00. Following the completion of the sale, the chief executive officer now owns 2,743,110 shares of the company's stock, valued at $594,157,626. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares of the company's stock, valued at $45,990,547.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $216.60, for a total transaction of $422,370.00. Following the completion of the transaction, the chief executive officer now directly owns 2,743,110 shares of the company's stock, valued at approximately $594,157,626. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,332 shares of company stock worth $12,113,825. 12.60% of the stock is currently owned by corporate insiders.

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.