Intellectus Partners LLC Acquires Shares of 2,350 Paycom Software, Inc. (NYSE:PAYC)

Intellectus Partners LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,350 shares of the software maker’s stock, valued at approximately $391,000.

A number of other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after buying an additional 905 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock worth $12,848,000 after acquiring an additional 14,670 shares during the last quarter. Sylebra Capital LLC bought a new stake in shares of Paycom Software during the 1st quarter valued at $253,196,000. Profund Advisors LLC purchased a new stake in shares of Paycom Software in the 2nd quarter worth $589,000. Finally, BOKF NA raised its holdings in Paycom Software by 453.0% in the 1st quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after purchasing an additional 7,552 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Trading Down 2.1 %

NYSE:PAYC opened at $219.88 on Friday. The business’s 50-day moving average is $178.94 and its 200 day moving average is $165.73. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $233.69. The company has a market capitalization of $12.68 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.05 and a beta of 1.14.

Paycom Software Announces Dividend

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

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $162.27, for a total transaction of $316,426.50. Following the sale, the chief executive officer now owns 2,961,308 shares in the company, valued at approximately $480,531,449.16. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 60,450 shares of company stock valued at $10,672,818 over the last 90 days. 14.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Barclays upped their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. BMO Capital Markets upped 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. Finally, TD Cowen increased their price target on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.