Regent Peak Wealth Advisors LLC Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Regent Peak Wealth Advisors LLC purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,074 shares of the software maker’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA boosted its stake in Paycom Software by 11.2% during the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock valued at $88,000 after acquiring an additional 53 shares during the last quarter. Wrapmanager Inc. lifted its position in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after purchasing an additional 56 shares during the last quarter. Andina Capital Management LLC grew its stake in Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after purchasing an additional 63 shares in the last quarter. Davis Investment Partners LLC increased its holdings in Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after buying an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Paycom Software by 26.7% during the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research analyst reports. TD Cowen boosted their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Barclays increased their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted 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. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Finally, BMO Capital Markets increased their price target on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $202.56.

Paycom Software Stock Down 1.5 %

Paycom Software stock traded down $3.04 during mid-day trading on Tuesday, hitting $203.99. 107,905 shares of the company’s stock traded hands, compared to its average volume of 403,062. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market cap of $11.76 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The firm has a 50 day moving average price of $219.94 and a 200 day moving average price of $181.02.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given 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 0.74%. Paycom Software’s dividend payout ratio is presently 18.05%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total value of $446,725.50. Following the completion of the transaction, the chief executive officer now directly owns 2,731,410 shares in the company, valued at $625,738,716.90. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 31,200 shares of company stock valued at $5,808,231. Company insiders own 14.50% of the company’s stock.

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.