HBW Advisory Services LLC Sells 84 Shares of Paycom Software, Inc. (NYSE:PAYC)

HBW Advisory Services LLC lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,235 shares of the software maker’s stock after selling 84 shares during the period. HBW Advisory Services LLC’s holdings in Paycom Software were worth $2,713,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Candriam S.C.A. boosted its position in shares of Paycom Software by 13.5% during the second quarter. Candriam S.C.A. now owns 4,478 shares of the software maker’s stock valued at $641,000 after buying an additional 534 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software in the 2nd quarter worth $25,000. Daiwa Securities Group Inc. raised its holdings in shares of Paycom Software by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 17,593 shares of the software maker’s stock valued at $2,516,000 after purchasing an additional 645 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Paycom Software by 240.1% during the second quarter. Headlands Technologies LLC now owns 2,255 shares of the software maker’s stock valued at $323,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in Paycom Software during the second quarter worth about $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Mizuho upped their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. TD Cowen raised their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $202.56.

Paycom Software Stock Performance

NYSE PAYC traded up $3.80 during trading on Friday, hitting $203.22. 300,756 shares of the company’s stock traded hands, compared to its average volume of 445,819. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 3.12 and a beta of 1.14. The business has a 50 day moving average of $220.99 and a 200-day moving average of $181.66. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74.

Paycom Software Announces Dividend

The firm 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 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $163.51, for a total transaction of $318,844.50. Following the completion of the transaction, the chief executive officer now owns 2,770,410 shares of the company’s stock, valued at approximately $452,989,739.10. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 27,300 shares of company stock valued at $5,172,921. Company insiders own 12.60% of the company’s stock.

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.