Heartland Bank & Trust Co Sells 59 Shares of Paycom Software, Inc. (NYSE:PAYC)

Heartland Bank & Trust Co decreased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,451 shares of the software maker’s stock after selling 59 shares during the quarter. Heartland Bank & Trust Co’s holdings in Paycom Software were worth $297,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PAYC. Armstrong Advisory Group Inc. acquired a new stake in shares of Paycom Software during the third quarter worth $26,000. Brooklyn Investment Group acquired a new position in shares of Paycom Software during the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. grew its position in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after buying an additional 77 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Paycom Software by 277.1% in the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

PAYC has been the subject of a number of analyst reports. Piper Sandler boosted their price objective 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. Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Barclays dropped their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Citigroup dropped their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $204.75.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $207.52 on Monday. The business’s 50 day simple moving average is $217.17 and its 200 day simple moving average is $187.17. The firm has a market cap of $11.97 billion, a PE ratio of 24.97, a P/E/G ratio of 2.85 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.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total value of $446,725.50. Following the completion of the transaction, the chief executive officer now directly owns 2,731,410 shares in the company, valued at $625,738,716.90. This trade represents a 0.07 % 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 link. Over the last 90 days, insiders sold 13,650 shares of company stock valued at $2,914,139. Corporate insiders own 14.50% 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.