Regent Peak Wealth Advisors LLC Purchases New Stake in Paycom Software, Inc. (NYSE:PAYC)

Regent Peak Wealth Advisors LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,074 shares of the software maker’s stock, valued at approximately $220,000.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Paycom Software by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 262,803 shares of the software maker’s stock valued at $37,591,000 after purchasing an additional 10,204 shares in the last quarter. XTX Topco Ltd increased its position in Paycom Software by 111.2% during the 2nd quarter. XTX Topco Ltd now owns 4,070 shares of the software maker’s stock valued at $582,000 after buying an additional 2,143 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Paycom Software by 15.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,907 shares of the software maker’s stock valued at $702,000 after buying an additional 643 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Paycom Software by 77.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 162,110 shares of the software maker’s stock valued at $23,188,000 after buying an additional 70,591 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Paycom Software by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 4,397 shares of the software maker’s stock valued at $629,000 after buying an additional 323 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

NYSE:PAYC opened at $208.51 on Tuesday. The firm has a market capitalization of $12.02 billion, a PE ratio of 25.09, a P/E/G ratio of 2.88 and a beta of 1.14. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The stock has a 50-day simple moving average of $218.60 and a two-hundred day simple moving average of $185.30.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, November 25th. Paycom Software’s dividend payout ratio is currently 18.05%.

Analyst Ratings Changes

A number of research firms have weighed in on PAYC. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. TD Cowen lifted their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays lifted their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Citigroup reduced their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $199.75.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $164.29, for a total value of $320,365.50. Following the completion of the transaction, the chief executive officer now directly owns 2,760,660 shares in the company, valued at $453,548,831.40. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 19,500 shares of company stock valued at $3,882,567. Company insiders own 12.60% of the company’s stock.

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.