164,426 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Sather Financial Group Inc

Sather Financial Group Inc acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 164,426 shares of the software maker’s stock, valued at approximately $23,519,000. Paycom Software makes up approximately 1.6% of Sather Financial Group Inc’s holdings, making the stock its 21st largest position. Sather Financial Group Inc owned approximately 0.28% of Paycom Software at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PAYC. Mather Group LLC. bought a new position in shares of Paycom Software during the first quarter valued at $26,000. Hexagon Capital Partners LLC raised its holdings in Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of Paycom Software in the first quarter worth approximately $32,000. MFA Wealth Advisors LLC bought a new position in shares of Paycom Software in the second quarter worth approximately $26,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Paycom Software during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 1.9 %

PAYC stock traded up $3.09 during midday trading on Friday, reaching $163.23. 530,133 shares of the company’s stock traded hands, compared to its average volume of 850,167. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $299.00. The stock has a market cap of $9.37 billion, a P/E ratio of 19.51, a PEG ratio of 2.22 and a beta of 1.16. The stock’s 50-day moving average is $152.80 and its 200 day moving average is $171.66.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be paid a $0.375 dividend. The ex-dividend date is Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.92%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

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 Wednesday, July 10th. The stock was sold at an average price of $140.20, for a total transaction of $273,390.00. Following the completion of the sale, the chief executive officer now owns 3,023,708 shares of the company’s stock, valued at $423,923,861.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the sale, the chief executive officer now owns 3,023,708 shares in the company, valued at approximately $423,923,861.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the transaction, the insider now owns 14,769 shares of the company’s stock, valued at $2,327,889.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,093 shares of company stock valued at $11,942,223. 14.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PAYC. Jefferies Financial Group lowered their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. boosted their price target on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. TD Cowen increased their price objective on Paycom Software from $147.00 to $171.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, BMO Capital Markets lowered their target price on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $178.33.

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.