Centiva Capital LP Sells 20,140 Shares of Paycom Software, Inc. (NYSE:PAYC)

Centiva Capital LP decreased its position in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) by 94.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,259 shares of the software maker’s stock after selling 20,140 shares during the period. Centiva Capital LP’s holdings in Paycom Software were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAYC. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software in the second quarter worth about $25,000. MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software during the second quarter worth $26,000. Armstrong Advisory Group Inc. purchased a new position in Paycom Software in the 3rd quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paycom Software in the 2nd quarter worth about $27,000. Finally, Brooklyn Investment Group bought a new position in Paycom Software in the third quarter worth approximately $28,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Stock Down 0.1 %

Shares of NYSE PAYC opened at $240.00 on Friday. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.15 and a beta of 1.11. The firm has a 50-day simple moving average of $204.13 and a 200-day simple moving average of $173.15.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.63%. Paycom Software’s payout ratio is 18.05%.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Citigroup raised their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, TD Cowen upped their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $200.33.

View Our Latest Stock Analysis on PAYC

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $170.19, for a total transaction of $331,870.50. Following the transaction, the chief executive officer now owns 2,810,910 shares of the company’s stock, valued at approximately $478,388,772.90. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 48,750 shares of company stock worth $8,771,880. Insiders own 14.50% of the company’s stock.

Paycom Software Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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