Atria Wealth Solutions Inc. Cuts Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Atria Wealth Solutions Inc. lowered its stake in Paycom Software, Inc. (NYSE:PAYC) by 32.6% during the 2nd quarter, Holdings Channel reports. The firm owned 7,233 shares of the software maker’s stock after selling 3,493 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Paycom Software were worth $1,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PAYC. Mather Group LLC. bought a new stake in shares of Paycom Software in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Palisade Asset Management LLC bought a new position in Paycom Software in the 1st quarter worth about $32,000. Transcendent Capital Group LLC bought a new position in Paycom Software in the fourth quarter worth approximately $41,000. Finally, SYSTM Wealth Solutions LLC increased its stake in shares of Paycom Software by 75.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 225 shares of the software maker’s stock valued at $45,000 after buying an additional 97 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $159.79, for a total value of $311,590.50. Following the completion of the transaction, the chief executive officer now owns 2,969,108 shares of the company’s stock, valued at approximately $474,433,767.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $159.79, for a total value of $311,590.50. Following the completion of the sale, the chief executive officer now owns 2,969,108 shares of the company’s stock, valued at approximately $474,433,767.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the transaction, the chief financial officer now directly owns 294,849 shares in the company, valued at $45,990,547.02. The disclosure for this sale can be found here. Insiders have sold 78,093 shares of company stock worth $11,942,223 in the last ninety days. Company insiders own 14.50% of the company’s stock.

Paycom Software Trading Up 1.9 %

Paycom Software stock opened at $163.23 on Friday. The firm has a market cap of $9.49 billion, a PE ratio of 19.88, a P/E/G ratio of 2.22 and a beta of 1.16. The stock’s 50 day simple moving average is $153.21 and its two-hundred day simple moving average is $171.26. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $299.00.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Monday, August 26th. Paycom Software’s payout ratio is currently 18.27%.

Analyst Ratings Changes

A number of equities analysts recently commented on PAYC shares. William Blair reissued a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. TD Cowen increased their price target on Paycom Software from $147.00 to $171.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Citigroup dropped their target price on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $178.33.

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.