Hantz Financial Services Inc. Boosts Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Hantz Financial Services Inc. raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,510 shares of the software maker’s stock after purchasing an additional 2,334 shares during the period. Hantz Financial Services Inc.’s holdings in Paycom Software were worth $9,123,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Private Trust Co. NA boosted its position in shares of Paycom Software by 11.2% in the third 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 period. Wrapmanager Inc. boosted its position in shares of Paycom Software by 2.6% in the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock valued at $362,000 after acquiring an additional 56 shares during the period. Andina Capital Management LLC boosted its position in shares of Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after acquiring an additional 63 shares during the period. Davis Investment Partners LLC boosted its position in shares of 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 acquiring an additional 64 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $206.65 on Thursday. The stock’s 50 day simple moving average is $216.98 and its 200 day simple moving average is $188.11. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.85 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.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $211.76, for a total value of $412,932.00. Following the completion of the sale, the chief executive officer now owns 2,745,060 shares in the company, valued at approximately $581,293,905.60. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 11,700 shares of company stock worth $2,577,900. 14.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PAYC shares. Mizuho lifted their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Barclays dropped their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $204.75.

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.