Regent Peak Wealth Advisors LLC Takes $220,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Regent Peak Wealth Advisors LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,074 shares of the software maker’s stock, valued at approximately $220,000.

Several other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new position in shares of Paycom Software during the third quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Paycom Software during the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 77 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after acquiring an additional 189 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after purchasing an additional 194 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the sale, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at approximately $625,738,716.90. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 19,500 shares of company stock valued at $3,882,567 over the last three months. Company insiders own 12.60% of the company’s stock.

Paycom Software Trading Up 0.3 %

PAYC opened at $208.51 on Tuesday. The company has a 50 day moving average of $218.60 and a 200 day moving average of $185.30. The company has a market cap of $12.02 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.88 and a beta of 1.14. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74.

Paycom Software Announces Dividend

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

Analysts Set New Price Targets

PAYC has been the topic of several analyst reports. Jefferies Financial Group boosted their price target 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 Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price target 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. TD Cowen upped their price objective on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Mizuho raised their target price on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Twelve equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $199.75.

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.