Atria Investments Inc Acquires 4,601 Shares of Paycom Software, Inc. (NYSE:PAYC)

Atria Investments Inc boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 36.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,327 shares of the software maker’s stock after buying an additional 4,601 shares during the quarter. Atria Investments Inc’s holdings in Paycom Software were worth $2,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PAYC. Nisa Investment Advisors LLC raised its position in shares of Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after acquiring an additional 905 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock worth $12,848,000 after purchasing an additional 14,670 shares during the last quarter. Sylebra Capital LLC bought a new position in Paycom Software during the 1st quarter worth approximately $253,196,000. Profund Advisors LLC bought a new stake in shares of Paycom Software in the 2nd quarter valued at $589,000. Finally, BOKF NA increased its position in shares of Paycom Software by 453.0% during the first quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after buying an additional 7,552 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $228.38, for a total value of $445,341.00. Following the transaction, the chief executive officer now owns 2,735,310 shares in the company, valued at $624,690,097.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 58,500 shares of company stock worth $10,226,093. Insiders own 14.50% of the company’s stock.

Paycom Software Trading Down 0.5 %

PAYC opened at $227.80 on Thursday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $233.69. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.06 and a beta of 1.14. The company’s fifty day moving average price is $176.21 and its two-hundred day moving average price is $164.88.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. Paycom Software’s dividend payout ratio is presently 18.05%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PAYC. Piper Sandler boosted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen upped their target price on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Citigroup lifted their target price on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays increased their price target on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Mizuho lifted their price objective on shares of Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average target price of $193.67.

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.