Shaker Investments LLC OH Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Shaker Investments LLC OH acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, HoldingsChannel reports. The fund acquired 9,859 shares of the software maker’s stock, valued at approximately $2,021,000.

Several other large investors have also added to or reduced their stakes in PAYC. Private Trust Co. NA lifted its holdings in shares of Paycom Software by 11.2% in the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after buying an additional 53 shares in the last quarter. Wrapmanager Inc. boosted its holdings in shares of Paycom Software by 2.6% in the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after purchasing an additional 56 shares during the period. Andina Capital Management LLC raised its holdings in Paycom Software by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after buying an additional 63 shares during the period. GAMMA Investing LLC lifted its position in Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after buying an additional 68 shares during the last quarter. Finally, Michael S. Ryan Inc. boosted its stake in Paycom Software by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAYC shares. Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Piper Sandler upped their target price on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho raised their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group upped 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. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.75.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total value of $446,725.50. Following the sale, the chief executive officer now owns 2,731,410 shares in the company, valued at $625,738,716.90. This represents a 0.07 % 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. Insiders own 14.50% of the company’s stock.

Paycom Software Stock Up 2.5 %

Shares of Paycom Software stock opened at $204.85 on Tuesday. The company has a 50 day moving average price of $212.80 and a 200 day moving average price of $190.69. The firm has a market capitalization of $11.81 billion, a P/E ratio of 24.65, a PEG ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. Paycom Software’s payout ratio is currently 18.05%.

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.