Equitable Trust Co. Buys 263 Shares of Paycom Software, Inc. (NYSE:PAYC)

Equitable Trust Co. increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,644 shares of the software maker’s stock after purchasing an additional 263 shares during the period. Equitable Trust Co.’s holdings in Paycom Software were worth $952,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software during the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new stake in Paycom Software during the 3rd quarter worth $28,000. Pin Oak Investment Advisors Inc. grew its holdings in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after acquiring an additional 77 shares during the period. First Horizon Advisors Inc. grew its holdings in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after acquiring an additional 189 shares during the period. Finally, Blue Trust Inc. grew its holdings in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after acquiring an additional 194 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 2.5 %

Shares of NYSE PAYC opened at $204.85 on Tuesday. The firm has a market cap of $11.81 billion, a PE ratio of 24.65, a PEG ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The company has a fifty day moving average price of $212.80 and a 200 day moving average price of $190.69.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.73%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the sale, the chief executive officer now directly owns 2,731,410 shares of the company’s stock, valued at $625,738,716.90. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAYC. Citigroup decreased their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. BMO Capital Markets boosted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Piper Sandler boosted their price target on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen boosted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus target price of $204.75.

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.