1,164 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,164 shares of the software maker’s stock, valued at approximately $235,000.

Other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in Paycom Software during the third quarter worth $26,000. Brooklyn Investment Group purchased a new position in Paycom Software during the third quarter worth $28,000. Pin Oak Investment Advisors Inc. boosted its stake in Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after buying an additional 77 shares during the period. First Horizon Advisors Inc. boosted its stake in Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after buying an additional 189 shares during the period. Finally, Blue Trust Inc. boosted its stake in Paycom Software by 277.1% during the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after buying an additional 194 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PAYC shares. Piper Sandler lifted their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. BMO Capital Markets boosted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their target price on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $199.75.

Paycom Software Price Performance

NYSE:PAYC opened at $207.70 on Thursday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The company has a 50-day moving average of $218.21 and a 200 day moving average of $185.77. The firm has a market cap of $11.98 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.87 and a beta of 1.14.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $167.37, for a total value of $326,371.50. Following the completion of the transaction, the chief executive officer now directly owns 2,754,810 shares in the company, valued at approximately $461,072,549.70. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 17,550 shares of company stock valued at $3,562,202 over the last three months. 14.50% of the stock is owned by company insiders.

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.