Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,652 shares of the software maker’s stock after selling 624 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Paycom Software were worth $1,568,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $226.55, for a total transaction of $441,772.50. Following the sale, the chief executive officer now directly owns 2,737,260 shares in the company, valued at approximately $620,126,253. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 7,800 shares of company stock worth $1,756,209. 12.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PAYC shares. TD Cowen raised their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Citigroup dropped their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Piper Sandler raised their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.75.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $205.20 on Tuesday. The business has a 50-day simple moving average of $215.83 and a 200 day simple moving average of $189.11. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.85 and a beta of 1.15. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

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.