Aureus Asset Management LLC Purchases 107,487 Shares of Paycom Software, Inc. (NYSE:PAYC)

Aureus Asset Management LLC raised its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 417.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,214 shares of the software maker’s stock after acquiring an additional 107,487 shares during the quarter. Paycom Software comprises 1.5% of Aureus Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Aureus Asset Management LLC’s holdings in Paycom Software were worth $22,189,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Paycom Software during the 2nd quarter worth about $25,000. MFA Wealth Advisors LLC bought a new position in shares of Paycom Software during the 2nd quarter worth about $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Paycom Software during the 3rd quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paycom Software during the 2nd quarter worth about $27,000. Finally, Brooklyn Investment Group bought a new position in shares of Paycom Software during the 3rd quarter worth about $28,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $162.00, for a total transaction of $315,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,941,808 shares of the company’s stock, valued at $476,572,896. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 54,600 shares of company stock worth $9,726,717. Insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PAYC shares. TD Cowen increased their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Mizuho upped their target price on shares of Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Piper Sandler upped their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Citigroup upped their target price on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $193.67.

Paycom Software Stock Performance

NYSE:PAYC opened at $231.92 on Monday. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $237.33. The firm has a 50-day moving average price of $192.17 and a two-hundred day moving average price of $169.50.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.65%. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

Paycom Software 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.