Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Aurora Investment Counsel

Aurora Investment Counsel raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,903 shares of the software maker’s stock after purchasing an additional 1,694 shares during the quarter. Paycom Software accounts for 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 15th largest position. Aurora Investment Counsel’s holdings in Paycom Software were worth $2,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wrapmanager Inc. grew its holdings in Paycom Software by 2.6% during the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after acquiring an additional 56 shares in the last quarter. Andina Capital Management LLC grew its stake in Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after purchasing an additional 63 shares in the last quarter. Davis Investment Partners LLC increased its holdings in Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after buying an additional 64 shares during the last quarter. GAMMA Investing LLC raised its stake in Paycom Software by 26.7% during the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after buying an additional 68 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Paycom Software by 1.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after buying an additional 79 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $163.12, for a total value of $318,084.00. Following the completion of the transaction, the chief executive officer now owns 3,534,499 shares of the company’s stock, valued at $576,547,476.88. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 58,500 shares of company stock worth $10,361,228. Insiders own 14.50% of the company’s stock.

Paycom Software Trading Up 1.3 %

NYSE:PAYC opened at $219.67 on Thursday. The firm has a market capitalization of $12.67 billion, a PE ratio of 26.43, a PEG ratio of 2.90 and a beta of 1.14. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $233.69. The firm’s fifty day simple moving average is $182.32 and its 200 day simple moving average is $166.31.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be given a $0.375 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. Paycom Software’s dividend payout ratio is 18.05%.

Analyst Ratings Changes

Several analysts have weighed in on PAYC shares. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Barclays boosted their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” 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 stock a “hold” rating in a report on Monday, September 23rd. BMO Capital Markets upped their target price on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Piper Sandler raised their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $193.67.

Paycom Software Company 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.