Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,008 shares of the software maker’s stock after purchasing an additional 785 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Paycom Software were worth $617,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Park Avenue Securities LLC lifted its stake in Paycom Software by 7.7% in the fourth quarter. Park Avenue Securities LLC now owns 2,950 shares of the software maker’s stock valued at $605,000 after buying an additional 212 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Paycom Software by 317.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,091 shares of the software maker’s stock valued at $1,044,000 after purchasing an additional 3,871 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Paycom Software by 38.4% during the 4th quarter. Accurate Wealth Management LLC now owns 4,793 shares of the software maker’s stock valued at $968,000 after purchasing an additional 1,330 shares during the period. Wallace Advisory Group LLC bought a new position in Paycom Software in the 4th quarter worth about $453,000. Finally, Friedenthal Financial acquired a new stake in shares of Paycom Software in the fourth quarter valued at approximately $776,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PAYC shares. Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho upped their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, TD Cowen upped their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average price target of $199.75.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $164.29, for a total value of $320,365.50. Following the completion of the sale, the chief executive officer now owns 2,760,660 shares in the company, valued at $453,548,831.40. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 21,450 shares of company stock valued at $4,212,449. 12.60% of the stock is currently owned by corporate insiders.

Paycom Software Stock Up 0.3 %

Shares of NYSE PAYC opened at $208.51 on Friday. The stock’s fifty day simple moving average is $218.99 and its 200 day simple moving average is $184.25. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.78 and a beta of 1.14. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74.

Paycom Software Dividend Announcement

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