Aurora Investment Counsel Acquires 1,694 Shares of Paycom Software, Inc. (NYSE:PAYC)

Aurora Investment Counsel grew its stake in Paycom Software, Inc. (NYSE:PAYC) by 12.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,903 shares of the software maker’s stock after acquiring an additional 1,694 shares during the quarter. Paycom Software makes up approximately 1.3% of Aurora Investment Counsel’s holdings, making the stock its 15th biggest holding. Aurora Investment Counsel’s holdings in Paycom Software were worth $2,482,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC bought a new position in Paycom Software during the 2nd quarter valued at about $25,000. MFA Wealth Advisors LLC bought a new position in shares of Paycom Software in the second quarter valued at approximately $26,000. Armstrong Advisory Group Inc. acquired a new position in shares of Paycom Software in the 3rd quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paycom Software during the 2nd quarter worth approximately $27,000. Finally, CVA Family Office LLC increased its holdings in Paycom Software by 234.3% during the 2nd quarter. CVA Family Office LLC now owns 234 shares of the software maker’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Activity at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $163.12, for a total value of $318,084.00. Following the completion of the transaction, the chief executive officer now owns 3,534,499 shares of the company’s stock, valued at $576,547,476.88. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 58,500 shares of company stock worth $10,361,228 in the last ninety days. Company insiders own 14.50% of the company’s stock.

Paycom Software Stock Up 1.3 %

NYSE:PAYC opened at $219.67 on Thursday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $233.69. The stock’s fifty day simple moving average is $182.32 and its 200-day simple moving average is $166.31. The firm has a market capitalization of $12.67 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.90 and a beta of 1.14.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BMO Capital Markets boosted their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Barclays upped their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Citigroup increased their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Paycom Software has an average rating of “Hold” and an average target price of $193.67.

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.