Versor Investments LP Acquires 911 Shares of Paycom Software, Inc. (NYSE:PAYC)

Versor Investments LP lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 21.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,211 shares of the software maker’s stock after buying an additional 911 shares during the quarter. Versor Investments LP’s holdings in Paycom Software were worth $868,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new position in Paycom Software in the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Paycom Software in the second quarter worth $25,000. MFA Wealth Advisors LLC bought a new position in shares of Paycom Software during the second quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Paycom Software during the second quarter valued at $27,000. Finally, Sentry Investment Management LLC bought a new stake in Paycom Software in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $228.38, for a total value of $445,341.00. Following the transaction, the chief executive officer now owns 2,735,310 shares of the company’s stock, valued at $624,690,097.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 60,450 shares of company stock worth $10,535,480. 14.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAYC. TD Cowen raised their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Piper Sandler lifted their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Mizuho increased their target price on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their target price on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus price target of $193.67.

Paycom Software Stock Performance

PAYC opened at $228.89 on Wednesday. The stock’s 50 day moving average price is $174.86 and its 200-day moving average price is $164.60. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $233.69. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 3.06 and a beta of 1.14.

Paycom Software Dividend Announcement

The firm also recently announced 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 0.66%. Paycom Software’s payout ratio is 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.