Atria Wealth Solutions Inc. Has $4.65 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Atria Wealth Solutions Inc. lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 45.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,505 shares of the software maker’s stock after selling 18,876 shares during the period. Atria Wealth Solutions Inc.’s holdings in Paycom Software were worth $4,652,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Paycom Software by 1.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,500 shares of the software maker’s stock worth $1,167,000 after purchasing an additional 52 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in shares of Paycom Software by 5.9% during the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock worth $204,000 after purchasing an additional 55 shares in the last quarter. Renaissance Group LLC boosted its position in shares of Paycom Software by 1.1% during the third quarter. Renaissance Group LLC now owns 5,391 shares of the software maker’s stock worth $1,398,000 after purchasing an additional 61 shares in the last quarter. Bouvel Investment Partners LLC boosted its position in shares of Paycom Software by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after purchasing an additional 63 shares in the last quarter. Finally, Optas LLC lifted its position in Paycom Software by 7.0% in the 4th quarter. Optas LLC now owns 998 shares of the software maker’s stock valued at $206,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Citigroup cut their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Piper Sandler boosted their price objective on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, UBS Group boosted their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $257.18.

Paycom Software Price Performance

Paycom Software stock opened at $188.89 on Friday. The firm has a market capitalization of $10.87 billion, a PE ratio of 32.02, a P/E/G ratio of 3.18 and a beta of 1.17. The company’s 50-day moving average is $189.82 and its 200-day moving average is $197.60. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The business had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same quarter in the prior year, the business earned $1.38 EPS. Paycom Software’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts expect that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a yield of 0.79%. Paycom Software’s dividend payout ratio (DPR) is currently 25.42%.

Paycom Software 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.