One Wealth Capital Management LLC Purchases Shares of 1,923 Paycom Software, Inc. (NYSE:PAYC)

One Wealth Capital Management LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,923 shares of the software maker’s stock, valued at approximately $394,000.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Barclays increased their target price on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Mizuho boosted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, TD Cowen lifted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $202.56.

Paycom Software Price Performance

Shares of Paycom Software stock traded down $5.36 on Tuesday, hitting $201.67. The company had a trading volume of 267,317 shares, compared to its average volume of 437,349. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The company has a market cap of $11.63 billion, a PE ratio of 24.27, a PEG ratio of 3.12 and a beta of 1.14. The business has a 50-day simple moving average of $219.94 and a 200-day simple moving average of $181.02.

Paycom Software Announces Dividend

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

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $163.63, for a total transaction of $319,078.50. Following the completion of the sale, the chief executive officer now directly owns 2,776,260 shares in the company, valued at approximately $454,279,423.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 31,200 shares of company stock valued at $5,808,231. Corporate insiders own 14.50% of the company’s stock.

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.