Nomura Asset Management Co. Ltd. Raises Holdings in Paycom Software, Inc. (NYSE:PAYC)

Nomura Asset Management Co. Ltd. increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,955 shares of the software maker’s stock after purchasing an additional 141 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Paycom Software were worth $2,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Paycom Software during the second quarter worth $25,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software during the 2nd quarter worth about $26,000. Armstrong Advisory Group Inc. purchased a new stake in Paycom Software during the 3rd quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Paycom Software in the second quarter valued at about $27,000. Finally, Brooklyn Investment Group purchased a new position in shares of Paycom Software in the third quarter worth about $28,000. Hedge funds and other institutional investors 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 business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $162.17, for a total transaction of $316,231.50. Following the completion of the sale, the chief executive officer now owns 2,780,160 shares of the company’s stock, valued at $450,858,547.20. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 48,750 shares of company stock valued at $8,771,880 in the last three months. 14.50% of the stock is currently owned by company insiders.

Paycom Software Stock Down 2.3 %

Shares of Paycom Software stock opened at $234.50 on Friday. The firm has a market cap of $13.52 billion, a PE ratio of 28.22, a P/E/G ratio of 3.20 and a beta of 1.11. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The business has a 50-day moving average price of $205.46 and a 200 day moving average price of $173.64.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Analyst Ratings Changes

PAYC has been the topic of a number of recent research reports. Piper Sandler upped their target price on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. TD Cowen increased their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets raised their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Citigroup upped their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Mizuho lifted 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. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus price target of $202.56.

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.