Ninety One UK Ltd Sells 1,498 Shares of Paycom Software, Inc. (NYSE:PAYC)

Ninety One UK Ltd trimmed its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,548 shares of the software maker’s stock after selling 1,498 shares during the quarter. Ninety One UK Ltd owned 0.30% of Paycom Software worth $35,982,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sylebra Capital LLC lifted its holdings in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock valued at $326,888,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after acquiring an additional 45,404 shares during the period. FMR LLC raised its stake in shares of Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after acquiring an additional 357,723 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Paycom Software by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after purchasing an additional 6,488 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after purchasing an additional 151,807 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PAYC shares. Jefferies Financial Group upped 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. Piper Sandler increased their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Citigroup reduced their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. BMO Capital Markets upped 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 report on Thursday, October 31st. Finally, TD Cowen lifted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $204.75.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $228.38, for a total value of $445,341.00. Following the completion of the transaction, the chief executive officer now directly owns 2,735,310 shares of the company’s stock, valued at $624,690,097.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 5,850 shares of company stock valued at $1,333,839 in the last quarter. 12.60% of the stock is currently owned by corporate insiders.

Paycom Software Stock Up 0.0 %

Shares of PAYC opened at $205.29 on Wednesday. The company has a 50 day moving average of $214.62 and a two-hundred day moving average of $189.80. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.15.

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.