Baron Wealth Management LLC Sells 75 Shares of Paycom Software, Inc. (NYSE:PAYC)

Baron Wealth Management LLC decreased its position in Paycom Software, Inc. (NYSE:PAYC) by 3.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,917 shares of the software maker’s stock after selling 75 shares during the quarter. Baron Wealth Management LLC’s holdings in Paycom Software were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAYC. Andina Capital Management LLC lifted its stake in shares of Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the last quarter. Davis Investment Partners LLC lifted its stake in shares of Paycom Software by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after acquiring an additional 64 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Paycom Software by 26.7% during the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after acquiring an additional 68 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Paycom Software by 1.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after acquiring an additional 79 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Paycom Software by 37.0% during the 1st quarter. Advisors Asset Management Inc. now owns 300 shares of the software maker’s stock worth $60,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 0.4 %

Shares of PAYC stock opened at $218.90 on Tuesday. The stock has a market cap of $12.62 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.94 and a beta of 1.14. The stock has a 50 day moving average of $180.24 and a 200 day moving average of $165.62. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $233.69.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio is currently 18.05%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PAYC shares. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays raised their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Finally, Citigroup raised their price objective on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating and one has assigned 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 $193.67.

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,731,410 shares in the company, valued at $625,738,716.90. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 58,500 shares of company stock worth $10,361,228 in the last three months. Company insiders own 12.60% of the company’s stock.

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.