Liberty One Investment Management LLC Has $302,000 Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Liberty One Investment Management LLC boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,471 shares of the software maker’s stock after buying an additional 99 shares during the quarter. Liberty One Investment Management LLC’s holdings in Paycom Software were worth $302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Paycom Software during the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. boosted its stake in Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after buying an additional 77 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Paycom Software by 277.1% in the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after purchasing an additional 194 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred 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 directly owns 2,760,660 shares of the company’s stock, valued at $453,548,831.40. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 19,500 shares of company stock worth $3,882,567. Insiders own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAYC. TD Cowen increased their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Mizuho boosted their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays increased their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $199.75.

Paycom Software Trading Up 0.3 %

Paycom Software stock opened at $208.51 on Monday. The company has a fifty day simple moving average of $218.99 and a 200 day simple moving average of $184.83. The company has a market cap of $12.02 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

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.