Sanctuary Advisors LLC Purchases 2,517 Shares of Paycom Software, Inc. (NYSE:PAYC)

Sanctuary Advisors LLC raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 42.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,501 shares of the software maker’s stock after acquiring an additional 2,517 shares during the period. Sanctuary Advisors LLC’s holdings in Paycom Software were worth $1,416,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Private Trust Co. NA lifted its stake in shares of Paycom Software by 11.2% in the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock valued at $88,000 after acquiring an additional 53 shares during the last quarter. Wrapmanager Inc. increased its stake in Paycom Software by 2.6% in the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after purchasing an additional 56 shares during the period. Andina Capital Management LLC lifted its position in Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the last quarter. Davis Investment Partners LLC boosted its stake in shares of Paycom Software by 1.0% during the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after purchasing an additional 64 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after purchasing an additional 68 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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, September 25th. The shares were sold at an average price of $170.41, for a total transaction of $332,299.50. Following the completion of the transaction, the chief executive officer now directly owns 2,801,160 shares of the company’s stock, valued at approximately $477,345,675.60. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 42,900 shares of company stock worth $7,774,826. 14.50% of the stock is owned by insiders.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $207.23 on Friday. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.12 and a beta of 1.11. The firm’s 50-day moving average is $210.96 and its two-hundred day moving average is $175.74. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, November 25th. Paycom Software’s payout ratio is presently 18.05%.

Analyst Ratings Changes

PAYC has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Paycom Software from $172.00 to $196.00 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 research report on Thursday, October 31st. Piper Sandler increased their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Finally, BMO Capital Markets lifted their price target on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average target price of $202.56.

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.