Willis Investment Counsel Grows Holdings in Paycom Software, Inc. (NYSE:PAYC)

Willis Investment Counsel boosted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,396 shares of the software maker’s stock after purchasing an additional 155 shares during the period. Willis Investment Counsel’s holdings in Paycom Software were worth $901,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FMR LLC raised its holdings in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after acquiring an additional 357,723 shares in the last quarter. International Assets Investment Management LLC raised its stake in Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after acquiring an additional 278,529 shares during the period. Confluence Investment Management LLC lifted 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 worth $62,943,000 after acquiring an additional 225,081 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after purchasing an additional 151,807 shares during the period. Finally, Aureus Asset Management LLC boosted its position in Paycom Software by 417.8% during the 3rd quarter. Aureus Asset Management LLC now owns 133,214 shares of the software maker’s stock valued at $22,189,000 after purchasing an additional 107,487 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $226.55, for a total transaction of $441,772.50. Following the completion of the sale, the chief executive officer now directly owns 2,737,260 shares of the company’s stock, valued at $620,126,253. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,800 shares of company stock valued at $1,756,209 over the last three months. 12.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PAYC has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday. 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 note on Thursday, October 31st. Barclays dropped 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. Finally, Mizuho upped their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $204.75.

Paycom Software Trading Up 1.1 %

Shares of Paycom Software stock opened at $207.42 on Monday. The company has a market cap of $11.96 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.85 and a beta of 1.15. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The stock has a 50-day moving average price of $215.83 and a 200 day moving average price of $189.11.

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.