Fulcrum Capital LLC Purchases New Stake in Paycom Software, Inc. (NYSE:PAYC)

Fulcrum Capital LLC acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,085 shares of the software maker’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently made changes to their positions in PAYC. Nisa Investment Advisors LLC increased its position in shares of Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after purchasing an additional 905 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Paycom Software by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after purchasing an additional 41,187 shares during the period. Profund Advisors LLC purchased a new position in Paycom Software in the second quarter valued at approximately $589,000. Sylebra Capital LLC grew its stake in shares of Paycom Software by 53.9% during the 2nd quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after acquiring an additional 685,190 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Paycom Software by 9.3% in the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after acquiring an additional 5,574 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total value of $446,725.50. Following the transaction, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at approximately $625,738,716.90. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 25,350 shares of company stock valued at $4,853,570. Company insiders own 14.50% of the company’s stock.

Paycom Software Stock Down 0.4 %

Shares of Paycom Software stock traded down $0.78 during trading on Monday, reaching $201.22. 192,201 shares of the stock were exchanged, compared to its average volume of 446,316. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The stock’s fifty day moving average is $220.82 and its 200 day moving average is $182.63.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.75%. Paycom Software’s dividend payout ratio is currently 18.05%.

Analysts Set New Price Targets

Several analysts have issued reports on PAYC shares. Barclays increased their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen raised their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Mizuho upped their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the company 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 one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $196.63.

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.