Whetstone Capital Advisors LLC Has $8.16 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Whetstone Capital Advisors LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,015 shares of the software maker’s stock after selling 322 shares during the quarter. Paycom Software accounts for 3.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 8th largest position. Whetstone Capital Advisors LLC’s holdings in Paycom Software were worth $8,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PAYC. Sylebra Capital LLC raised its holdings in Paycom Software by 53.9% during the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after buying an additional 685,190 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Paycom Software by 9.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock valued at $152,925,000 after acquiring an additional 92,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock worth $104,524,000 after purchasing an additional 6,488 shares during the period. Federated Hermes Inc. increased its holdings in Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after purchasing an additional 529,591 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock valued at $81,030,000 after purchasing an additional 151,807 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Barclays boosted 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. Mizuho raised their price objective on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Citigroup upped their target price on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average price target of $193.67.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the transaction, the chief executive officer now owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 56,550 shares of company stock worth $10,044,801 in the last ninety days. Company insiders own 12.60% of the company’s stock.

Paycom Software Stock Up 1.5 %

Shares of PAYC opened at $230.32 on Monday. The stock has a market cap of $13.28 billion, a PE ratio of 27.72, a PEG ratio of 3.07 and a beta of 1.14. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $233.69. The business has a 50-day simple moving average of $185.75 and a two-hundred day simple moving average of $167.39.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.65%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

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.