1,237 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,237 shares of the software maker’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the business. Nisa Investment Advisors LLC increased its stake 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 buying an additional 905 shares during the period. Profund Advisors LLC acquired a new position in Paycom Software during the 2nd quarter worth approximately $589,000. Sylebra Capital LLC increased its position in shares of Paycom Software by 53.9% in the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after purchasing an additional 685,190 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Paycom Software by 1,549.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,662 shares of the software maker’s stock valued at $3,098,000 after purchasing an additional 20,349 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after purchasing an additional 5,574 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 2.3 %

PAYC stock opened at $234.50 on Friday. The company has a market capitalization of $13.52 billion, a P/E ratio of 28.22, a PEG ratio of 3.20 and a beta of 1.11. The business has a 50 day simple moving average of $204.13 and a 200-day simple moving average of $173.15. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio is currently 18.05%.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $170.19, for a total value of $331,870.50. Following the transaction, the chief executive officer now directly owns 2,810,910 shares in the company, valued at approximately $478,388,772.90. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 48,750 shares of company stock valued at $8,771,880. Insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PAYC. Citigroup increased their target price on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Barclays upped their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Mizuho raised their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen boosted their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group increased their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $202.56.

Paycom Software Company 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.