River Road Asset Management LLC Trims Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

River Road Asset Management LLC cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,195 shares of the software maker’s stock after selling 1,092 shares during the quarter. River Road Asset Management LLC owned about 0.11% of Paycom Software worth $10,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norden Group LLC lifted its stake in Paycom Software by 13.6% in the 1st quarter. Norden Group LLC now owns 3,220 shares of the software maker’s stock worth $641,000 after purchasing an additional 385 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Paycom Software by 10.9% in the first quarter. Private Advisor Group LLC now owns 2,796 shares of the software maker’s stock worth $556,000 after buying an additional 274 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in Paycom Software by 1.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 28,055 shares of the software maker’s stock valued at $5,583,000 after buying an additional 338 shares during the period. FDx Advisors Inc. grew its position in Paycom Software by 15.6% during the first quarter. FDx Advisors Inc. now owns 3,310 shares of the software maker’s stock worth $659,000 after buying an additional 446 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Paycom Software by 3.9% in the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Mizuho increased their price target on shares of Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday. Barclays lifted their price objective 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $193.67.

Insider Buying and Selling at Paycom Software

In related news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.63, for a total value of $303,478.50. Following the completion of the sale, the chief executive officer now owns 2,978,858 shares in the company, valued at approximately $463,599,670.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now owns 14,769 shares in the company, valued at approximately $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,906 shares of company stock worth $11,931,668. 12.60% of the stock is currently owned by insiders.

Paycom Software Trading Up 3.3 %

PAYC opened at $218.48 on Wednesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $222.30. The business’s 50-day moving average price is $169.61 and its 200-day moving average price is $163.43. The company has a market cap of $12.55 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.91 and a beta of 1.14.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Paycom Software’s dividend payout ratio (DPR) is currently 18.05%.

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.