180 Wealth Advisors LLC Cuts Position in Paycom Software, Inc. (NYSE:PAYC)

180 Wealth Advisors LLC reduced its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,471 shares of the software maker’s stock after selling 534 shares during the period. 180 Wealth Advisors LLC’s holdings in Paycom Software were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of PAYC. Sylebra Capital LLC boosted its holdings in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock valued at $326,888,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after purchasing an additional 45,404 shares in the last quarter. FMR LLC boosted its stake in shares of Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after purchasing an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Paycom Software by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after purchasing an additional 6,488 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after buying an additional 151,807 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PAYC shares. TD Cowen raised their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Barclays upped their price target on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. 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, December 13th. Finally, Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.63.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $169.17, for a total transaction of $329,881.50. Following the transaction, the chief executive officer now owns 2,764,560 shares in the company, valued at $467,680,615.20. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 23,400 shares of company stock worth $4,534,725 in the last ninety days. 14.50% of the stock is owned by corporate insiders.

Paycom Software Stock Up 1.1 %

Shares of Paycom Software stock opened at $203.03 on Wednesday. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The firm’s 50 day moving average is $220.30 and its two-hundred day moving average is $183.47. The firm has a market capitalization of $11.71 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.12 and a beta of 1.14.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors 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 0.74%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) 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.