Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 28.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,746 shares of the software maker’s stock after purchasing an additional 1,511 shares during the period. Arkadios Wealth Advisors’ holdings in Paycom Software were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAYC. Sylebra Capital LLC raised its stake in shares of Paycom Software by 53.9% during the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after buying an additional 685,190 shares in the last quarter. FMR LLC raised its position in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after acquiring an additional 357,723 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Paycom Software by 9,997.5% in the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after acquiring an additional 278,529 shares during the period. Confluence Investment Management LLC boosted its position in shares of Paycom Software by 147.3% during the 3rd quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock worth $62,943,000 after purchasing an additional 225,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after purchasing an additional 151,807 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAYC. Barclays raised their price objective 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. Citigroup decreased their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com downgraded 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 Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $199.75.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $164.97, for a total transaction of $321,691.50. Following the transaction, the chief executive officer now owns 2,756,760 shares of the company’s stock, valued at $454,782,697.20. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 19,500 shares of company stock valued at $3,882,567. Company insiders own 12.60% of the company’s stock.

Paycom Software Trading Up 0.3 %

Paycom Software stock opened at $208.51 on Monday. The stock has a market cap of $12.02 billion, a PE ratio of 25.09, a P/E/G ratio of 2.78 and a beta of 1.14. The stock has a 50-day moving average price of $218.99 and a 200 day moving average price of $184.83. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software Dividend Announcement

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

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.