Captrust Financial Advisors Sells 1,577 Shares of Paycom Software, Inc. (NYSE:PAYC)

Captrust Financial Advisors trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 21.0% during the third quarter, Holdings Channel reports. The firm owned 5,946 shares of the software maker’s stock after selling 1,577 shares during the quarter. Captrust Financial Advisors’ holdings in Paycom Software were worth $990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software during the 2nd quarter worth about $25,000. MFA Wealth Advisors LLC acquired a new position in Paycom Software in the 2nd quarter valued at $26,000. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software in the third quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paycom Software in the 2nd quarter worth about $27,000. Finally, Brooklyn Investment Group acquired a new stake in Paycom Software during the third quarter worth approximately $28,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $170.27, for a total value of $332,026.50. Following the completion of the transaction, the chief executive officer now directly owns 2,932,058 shares in the company, valued at approximately $499,241,515.66. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 50,700 shares of company stock valued at $9,098,135. 12.60% of the stock is owned by insiders.

Paycom Software Trading Down 0.7 %

Shares of NYSE PAYC opened at $234.89 on Tuesday. The stock has a fifty day simple moving average of $199.80 and a two-hundred day simple moving average of $171.75. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $238.57. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 3.15 and a beta of 1.11.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were paid 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 0.64%. Paycom Software’s payout ratio is 18.05%.

Analyst Ratings Changes

PAYC has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Barclays upped their price objective on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen raised their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday. Mizuho boosted their price target on shares of Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $200.33.

About Paycom Software

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.