Heartland Bank & Trust Co Has $297,000 Holdings in Paycom Software, Inc. (NYSE:PAYC)

Heartland Bank & Trust Co trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sylebra Capital LLC lifted its position in shares of Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock worth $326,888,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC boosted its stake in Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after buying an additional 45,404 shares in the last quarter. FMR LLC increased its holdings in Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after buying an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after buying an additional 6,488 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after acquiring an additional 151,807 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PAYC. TD Cowen increased their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets increased their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Piper Sandler upped their price target on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $204.75.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the sale, the chief executive officer now owns 2,750,910 shares in the company, valued at $474,339,411.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 13,650 shares of company stock worth $2,914,139. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Stock Up 1.1 %

Shares of NYSE PAYC opened at $207.52 on Monday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The firm’s 50-day simple moving average is $217.17 and its 200 day simple moving average is $187.17. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14.

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.