E. Ohman J or Asset Management AB Buys 800 Shares of Paycom Software, Inc. (NYSE:PAYC)

E. Ohman J or Asset Management AB lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 42.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,700 shares of the software maker’s stock after acquiring an additional 800 shares during the period. E. Ohman J or Asset Management AB’s holdings in Paycom Software were worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Armstrong Advisory Group Inc. acquired a new position in Paycom Software during the third quarter worth $26,000. Brooklyn Investment Group acquired a new position in Paycom Software during the third quarter worth $28,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of 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 purchasing an additional 77 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. TD Cowen increased their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays reduced their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Mizuho increased their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.75.

Paycom Software Trading Up 0.4 %

Shares of Paycom Software stock opened at $206.09 on Thursday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.85 and a beta of 1.15. The company’s 50-day moving average price is $214.62 and its 200-day moving average price is $189.80.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $228.38, for a total value of $445,341.00. Following the sale, the chief executive officer now directly owns 2,735,310 shares of the company’s stock, valued at $624,690,097.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 5,850 shares of company stock valued at $1,333,839. 12.60% of the stock is currently owned by corporate insiders.

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.