Foster Victor Wealth Advisors LLC Purchases 1,354 Shares of Paycom Software, Inc. (NYSE:PAYC)

Foster Victor Wealth Advisors LLC lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 40.7% during the fourth quarter, HoldingsChannel reports. The firm owned 4,684 shares of the software maker’s stock after purchasing an additional 1,354 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Paycom Software were worth $980,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PAYC. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software during the third quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in Paycom Software during the third quarter worth $28,000. Pin Oak Investment Advisors Inc. increased its holdings in Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after buying an additional 77 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after buying an additional 189 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, November 4th. The shares were sold at an average price of $211.76, for a total transaction of $412,932.00. Following the completion of the sale, the chief executive officer now owns 2,745,060 shares of the company’s stock, valued at approximately $581,293,905.60. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 11,700 shares of company stock valued at $2,577,900 over the last ninety days. Insiders own 12.60% of the company’s stock.

Paycom Software Trading Up 0.3 %

Paycom Software stock opened at $213.58 on Wednesday. The company has a market cap of $12.32 billion, a PE ratio of 25.70, a PEG ratio of 2.85 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 company’s 50-day moving average is $216.98 and its two-hundred day moving average is $188.11.

Analyst Ratings Changes

PAYC has been the topic of a number of analyst reports. TD Cowen upped their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays cut their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.75.

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.