ORG Wealth Partners LLC Acquires 120 Shares of Paycom Software, Inc. (NYSE:PAYC)

ORG Wealth Partners LLC increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 11.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,152 shares of the software maker’s stock after acquiring an additional 120 shares during the period. ORG Wealth Partners LLC’s holdings in Paycom Software were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after buying an additional 905 shares during the period. JPMorgan Chase & Co. boosted its holdings in Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after acquiring an additional 41,187 shares during the period. Profund Advisors LLC bought a new position in Paycom Software during the 2nd quarter worth approximately $589,000. Sylebra Capital LLC increased its stake in Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after purchasing an additional 685,190 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after purchasing an additional 5,574 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 1.0 %

Paycom Software stock traded up $2.09 during trading hours on Friday, hitting $201.51. The stock had a trading volume of 201,634 shares, compared to its average volume of 429,617. The stock’s 50-day moving average price is $220.99 and its 200-day moving average price is $181.66. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The stock has a market capitalization of $11.62 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given a $0.375 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.74%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $163.77, for a total value of $319,351.50. Following the completion of the sale, the chief executive officer now owns 2,774,310 shares of the company’s stock, valued at approximately $454,348,748.70. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 27,300 shares of company stock valued at $5,172,921 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAYC. Jefferies Financial Group raised their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Citigroup upped their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays raised their target price on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Mizuho upped their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average price target of $202.56.

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.