1,314 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,314 shares of the software maker’s stock, valued at approximately $269,000.

A number of other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in Paycom Software in the third quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Paycom Software during the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after acquiring an additional 189 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Paycom Software by 277.1% during the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after purchasing an additional 194 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Up 2.5 %

Shares of PAYC stock opened at $204.85 on Tuesday. The stock’s 50-day moving average price is $212.80 and its 200 day moving average price is $190.69. The stock has a market capitalization of $11.81 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the transaction, the chief executive officer now directly owns 2,731,410 shares of the company’s stock, valued at $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 SEC, which is available at this link. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAYC. BMO Capital Markets increased 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. 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 report on Friday, December 13th. Barclays decreased their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. TD Cowen raised their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $204.75.

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.