Barlow Wealth Partners Inc. Purchases 4,034 Shares of Paycom Software, Inc. (NYSE:PAYC)

Barlow Wealth Partners Inc. increased its position in Paycom Software, Inc. (NYSE:PAYC) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,986 shares of the software maker’s stock after purchasing an additional 4,034 shares during the quarter. Paycom Software makes up 2.6% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 12th largest holding. Barlow Wealth Partners Inc.’s holdings in Paycom Software were worth $20,121,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PAYC. Nisa Investment Advisors LLC lifted its holdings in shares of Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after acquiring an additional 905 shares during the period. JPMorgan Chase & Co. raised its position in Paycom Software by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after purchasing an additional 41,187 shares in the last quarter. Profund Advisors LLC bought a new position in Paycom Software during the second quarter worth about $589,000. Sylebra Capital LLC boosted its holdings in Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after purchasing an additional 685,190 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Paycom Software by 9.3% in the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after purchasing an additional 5,574 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total value of $446,725.50. Following the transaction, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at approximately $625,738,716.90. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 17,550 shares of company stock worth $3,562,202 over the last 90 days. 12.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Piper Sandler raised their target price on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho increased their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets upped their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $199.75.

Paycom Software Trading Up 0.0 %

Shares of PAYC stock opened at $209.25 on Wednesday. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.87 and a beta of 1.14. The firm’s 50 day moving average is $218.60 and its 200-day moving average is $185.30. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were given a $0.375 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software’s payout ratio is 18.05%.

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.