Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp grew its position in Paycom Software, Inc. (NYSE:PAYC) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 359,695 shares of the software maker’s stock after buying an additional 11,595 shares during the quarter. Boston Trust Walden Corp’s holdings in Paycom Software were worth $73,727,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Willis Investment Counsel lifted its holdings in Paycom Software by 3.7% in the 4th quarter. Willis Investment Counsel now owns 4,396 shares of the software maker’s stock valued at $901,000 after purchasing an additional 155 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock worth $2,192,000 after buying an additional 72 shares in the last quarter. Western Pacific Wealth Management LP lifted its stake in shares of Paycom Software by 49.5% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,430 shares of the software maker’s stock worth $498,000 after buying an additional 805 shares in the last quarter. Greenleaf Trust acquired a new position in Paycom Software during the fourth quarter worth about $235,000. Finally, Hantz Financial Services Inc. grew its stake in Paycom Software by 5.5% during the 4th quarter. Hantz Financial Services Inc. now owns 44,510 shares of the software maker’s stock valued at $9,123,000 after acquiring an additional 2,334 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE:PAYC opened at $207.42 on Monday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The company has a 50 day moving average price of $215.83 and a 200 day moving average price of $189.11. The stock has a market capitalization of $11.96 billion, a P/E ratio of 24.96, a PEG ratio of 2.85 and a beta of 1.15.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the sale, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at approximately $625,738,716.90. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 7,800 shares of company stock worth $1,756,209 over the last ninety days. Company insiders own 12.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PAYC. Barclays decreased their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. TD Cowen boosted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Citigroup cut their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $204.75.

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.