Michael S. Ryan Inc. Increases Stake in Paycom Software, Inc. (NYSE:PAYC)

Michael S. Ryan Inc. grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,796 shares of the software maker’s stock after buying an additional 68 shares during the period. Paycom Software accounts for about 0.4% of Michael S. Ryan Inc.’s investment portfolio, making the stock its 25th largest position. Michael S. Ryan Inc.’s holdings in Paycom Software were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Paycom Software in the second quarter valued at $25,000. Armstrong Advisory Group Inc. bought a new position in Paycom Software during the third quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Paycom Software in the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. raised its position in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of Paycom Software in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE PAYC traded down $2.52 during trading on Wednesday, reaching $199.58. 449,173 shares of the company’s stock traded hands, compared to its average volume of 477,012. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The company’s 50 day simple moving average is $220.63 and its two-hundred day simple moving average is $181.40.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. Paycom Software’s dividend payout ratio is currently 18.05%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $163.63, for a total value of $319,078.50. Following the transaction, the chief executive officer now owns 2,776,260 shares of the company’s stock, valued at $454,279,423.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 29,250 shares of company stock valued at $5,492,000. 12.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PAYC. Citigroup upped their price objective on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Barclays increased their price target on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” 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 research note on Monday, December 16th. Mizuho increased their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets lifted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $202.56.

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.