475 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 475 shares of the software maker’s stock, valued at approximately $79,000.

Other institutional investors have also recently modified their holdings of the company. Sylebra Capital LLC grew its stake in Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after buying an additional 685,190 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after acquiring an additional 529,591 shares during the period. FMR LLC boosted its position in shares of Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after acquiring an additional 357,723 shares in the last quarter. International Assets Investment Management LLC increased its stake in Paycom Software by 9,997.5% in the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after acquiring an additional 278,529 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in Paycom Software by 147.3% during the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock valued at $62,943,000 after purchasing an additional 225,081 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYC has been the subject of several recent analyst reports. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets raised their price target on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Barclays lifted their price target 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 increased their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Citigroup boosted their target price on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Eleven investment 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 company currently has a consensus rating of “Hold” and an average price target of $202.56.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s 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 transaction, the chief executive officer now directly owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 42,900 shares of company stock valued at $7,774,826. Company insiders own 14.50% of the company’s stock.

Paycom Software Stock Performance

Shares of PAYC opened at $207.23 on Friday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The business has a 50-day moving average of $210.96 and a 200 day moving average of $175.74. The firm has a market cap of $11.95 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.11.

Paycom Software Announces Dividend

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. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s payout ratio is presently 18.05%.

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.