Fourpath Capital Management LLC Sells 188 Shares of Paycom Software, Inc. (NYSE:PAYC)

Fourpath Capital Management LLC lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 3,729 shares of the software maker’s stock after selling 188 shares during the quarter. Fourpath Capital Management LLC’s holdings in Paycom Software were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PAYC. Boston Trust Walden Corp boosted its holdings in shares of Paycom Software by 3.3% in the 4th quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker’s stock valued at $73,727,000 after purchasing an additional 11,595 shares in the last quarter. Willis Investment Counsel lifted its position in shares of Paycom Software by 3.7% during the 4th quarter. Willis Investment Counsel now owns 4,396 shares of the software maker’s stock worth $901,000 after buying an additional 155 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after buying an additional 72 shares in the last quarter. Western Pacific Wealth Management LP boosted its stake in Paycom Software by 49.5% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,430 shares of the software maker’s stock valued at $498,000 after buying an additional 805 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Paycom Software in the fourth quarter valued at about $235,000. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $216.60, for a total transaction of $422,370.00. Following the completion of the sale, the chief executive officer now directly owns 2,743,110 shares in the company, valued at approximately $594,157,626. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 7,800 shares of company stock worth $1,756,209 over the last ninety days. Insiders own 12.60% of the company’s stock.

Paycom Software Trading Down 1.1 %

NYSE PAYC opened at $205.20 on Tuesday. The firm has a market capitalization of $11.83 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.15. The business’s 50-day moving average price is $215.83 and its two-hundred day moving average price is $189.11. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler increased their price objective 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. BMO Capital Markets boosted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. TD Cowen increased their price target 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, Jefferies Financial Group raised their price objective on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $204.75.

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.