Friedenthal Financial Invests $776,000 in Paycom Software, Inc. (NYSE:PAYC)

Friedenthal Financial bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, HoldingsChannel reports. The firm bought 3,785 shares of the software maker’s stock, valued at approximately $776,000.

A number of other institutional investors have also bought and sold shares of PAYC. Sylebra Capital LLC boosted its stake in Paycom Software by 0.3% during the third quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock worth $326,888,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Paycom Software by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after purchasing an additional 45,404 shares in the last quarter. FMR LLC grew its stake in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after buying an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Paycom Software by 1.0% in the 3rd 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 buying an additional 6,488 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock valued at $81,030,000 after buying an additional 151,807 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

Shares of Paycom Software stock traded down $1.25 during mid-day trading on Monday, hitting $200.75. 350,803 shares of the stock were exchanged, compared to its average volume of 451,934. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a 50-day simple moving average of $220.82 and a 200 day simple moving average of $182.63. The company has a market capitalization of $11.58 billion, a P/E ratio of 24.16, a P/E/G ratio of 3.12 and a beta of 1.14.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. Paycom Software’s dividend payout ratio (DPR) is currently 18.05%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Citigroup upped their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen upped their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $196.63.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $165.27, for a total value of $322,276.50. Following the sale, the chief executive officer now owns 2,766,510 shares of the company’s stock, valued at approximately $457,221,107.70. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 25,350 shares of company stock valued at $4,853,570. Insiders own 14.50% of the company’s stock.

Paycom Software Company 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.