FORA Capital LLC Sells 14,590 Shares of Paycom Software, Inc. (NYSE:PAYC)

FORA Capital LLC decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 69.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,463 shares of the software maker’s stock after selling 14,590 shares during the period. FORA Capital LLC’s holdings in Paycom Software were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of Paycom Software by 11.2% in the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after buying an additional 53 shares during the last quarter. Wrapmanager Inc. boosted its position in Paycom Software by 2.6% in the third 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 last quarter. Andina Capital Management LLC grew its stake in shares of 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 purchasing an additional 63 shares during the period. Davis Investment Partners LLC increased its position in shares of Paycom Software by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after purchasing an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Paycom Software by 26.7% in the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $160.35, for a total transaction of $312,682.50. Following the sale, the chief executive officer now owns 2,947,658 shares of the company’s stock, valued at $472,656,960.30. This 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 through this link. Over the last three months, insiders sold 54,600 shares of company stock valued at $9,726,717. Insiders own 14.50% of the company’s stock.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $234.99 on Friday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 3.13 and a beta of 1.14. The firm has a fifty day moving average price of $190.93 and a 200 day moving average price of $169.19. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $237.33.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.64%. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PAYC shares. Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho raised their target price on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Citigroup boosted their price target on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen lifted their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Barclays increased their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus target price of $193.67.

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.