Hantz Financial Services Inc. Acquires 2,334 Shares of Paycom Software, Inc. (NYSE:PAYC)

Hantz Financial Services Inc. raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,510 shares of the software maker’s stock after purchasing an additional 2,334 shares during the period. Hantz Financial Services Inc. owned approximately 0.08% of Paycom Software worth $9,123,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA boosted its stake in Paycom Software by 11.2% during the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after acquiring an additional 53 shares in the last quarter. Wrapmanager Inc. boosted its stake in Paycom Software by 2.6% during the third 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 boosted its stake in Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC boosted its stake in Paycom Software by 1.0% during the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after acquiring an additional 64 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 worth $54,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

PAYC has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price objective 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. Jefferies Financial Group raised their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Mizuho raised their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, TD Cowen raised their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Twelve analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $204.75.

Paycom Software Stock Performance

NYSE PAYC opened at $206.65 on Thursday. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The company has a 50-day simple moving average of $216.98 and a 200 day simple moving average of $188.11. The company has a market capitalization of $11.92 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $211.76, for a total value of $412,932.00. Following the completion of the transaction, the chief executive officer now owns 2,745,060 shares in the company, valued at $581,293,905.60. This trade represents 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 the SEC website. Over the last 90 days, insiders sold 11,700 shares of company stock worth $2,577,900. Insiders own 14.50% of the company’s stock.

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.