Aureus Asset Management LLC Acquires 107,487 Shares of Paycom Software, Inc. (NYSE:PAYC)

Aureus Asset Management LLC lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 417.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,214 shares of the software maker’s stock after purchasing an additional 107,487 shares during the quarter. Paycom Software accounts for 1.5% of Aureus Asset Management LLC’s holdings, making the stock its 27th largest position. Aureus Asset Management LLC owned 0.23% of Paycom Software worth $22,189,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. American Capital Management Inc. increased its stake in Paycom Software by 45.5% in the third quarter. American Capital Management Inc. now owns 169,427 shares of the software maker’s stock valued at $28,221,000 after acquiring an additional 52,953 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Paycom Software in the third quarter valued at approximately $16,702,000. Icon Wealth Advisors LLC increased its stake in Paycom Software by 36.7% in the third quarter. Icon Wealth Advisors LLC now owns 10,390 shares of the software maker’s stock valued at $1,731,000 after acquiring an additional 2,790 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Paycom Software by 23.0% in the third quarter. Hantz Financial Services Inc. now owns 42,176 shares of the software maker’s stock valued at $7,025,000 after acquiring an additional 7,877 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. increased its stake in Paycom Software by 73.3% in the third 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. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $231.92 on Monday. The firm has a market cap of $13.37 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14. The firm’s fifty day moving average is $192.17 and its 200-day moving average is $169.50. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $237.33.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.65%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PAYC shares. Jefferies Financial Group lifted 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. Barclays lifted their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Citigroup raised their target price on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research 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 company’s stock. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus target price of $193.67.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $160.35, for a total transaction of $312,682.50. Following the sale, the chief executive officer now owns 2,947,658 shares of the company’s stock, valued at approximately $472,656,960.30. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 54,600 shares of company stock worth $9,726,717. Company insiders own 14.50% of the company’s stock.

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.