Cascade Investment Advisors Inc. boosted its holdings in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,799 shares of the software maker’s stock after purchasing an additional 445 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Paycom Software were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in PAYC. Sylebra Capital LLC boosted its holdings in Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after acquiring an additional 685,190 shares during the last quarter. FMR LLC grew its holdings in shares of Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares during the period. International Assets Investment Management LLC increased its position in Paycom Software by 9,997.5% during the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after purchasing an additional 278,529 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Paycom Software by 147.3% in the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock valued at $62,943,000 after buying an additional 225,081 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Paycom Software by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after buying an additional 151,807 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Paycom Software
In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $172.43, for a total value of $336,238.50. Following the completion of the transaction, the chief executive officer now owns 2,750,910 shares of the company’s stock, valued at $474,339,411.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 13,650 shares of company stock valued at $2,914,139. Insiders own 14.50% of the company’s stock.
Paycom Software Price Performance
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PAYC. Piper Sandler upped their price target on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays reduced their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group raised their target price on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho upped their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, BMO Capital Markets increased their price objective 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. Twelve equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $204.75.
Read Our Latest Stock Report on Paycom Software
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.
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