ORG Wealth Partners LLC Has $236,000 Stake in Paycom Software, Inc. (NYSE:PAYC)

ORG Wealth Partners LLC boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,152 shares of the software maker’s stock after purchasing an additional 120 shares during the period. ORG Wealth Partners LLC’s holdings in Paycom Software were worth $236,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Michael S. Ryan Inc. increased its holdings in Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after purchasing an additional 68 shares during the period. One Wealth Capital Management LLC acquired a new stake in Paycom Software during the 4th quarter valued at approximately $394,000. Regent Peak Wealth Advisors LLC acquired a new position in shares of Paycom Software in the 4th quarter worth approximately $220,000. Nordea Investment Management AB raised its stake in Paycom Software by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock worth $41,952,000 after buying an additional 6,916 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Paycom Software in the fourth quarter valued at $314,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $2.09 during mid-day trading on Friday, hitting $201.51. 201,634 shares of the stock were exchanged, compared to its average volume of 429,617. The company has a market capitalization of $11.62 billion, a P/E ratio of 24.25, a P/E/G ratio of 3.12 and a beta of 1.14. The company has a 50-day simple moving average of $220.99 and a 200 day simple moving average of $181.66. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were paid 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 (DPR) is presently 18.05%.

Analysts Set New Price Targets

PAYC has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Citigroup lifted their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho increased their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets lifted 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. Finally, TD Cowen boosted their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $202.56.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $163.77, for a total value of $319,351.50. Following the completion of the transaction, the chief executive officer now directly owns 2,774,310 shares of the company’s stock, valued at $454,348,748.70. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 27,300 shares of company stock valued at $5,172,921 in the last ninety days. 12.60% of the stock is currently owned by insiders.

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.