Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,585 shares of the software maker’s stock after selling 53 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Paycom Software were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Paycom Software in the 2nd quarter valued at about $25,000. MFA Wealth Advisors LLC purchased a new position in Paycom Software in the second quarter worth approximately $26,000. Armstrong Advisory Group Inc. acquired a new position in Paycom Software during the 3rd quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $27,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Paycom Software in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $170.85, for a total value of $333,157.50. Following the transaction, the chief executive officer now directly owns 2,807,010 shares of the company’s stock, valued at approximately $479,577,658.50. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 46,800 shares of company stock valued at $8,439,854. 14.50% of the stock is owned by company insiders.

Paycom Software Stock Performance

NYSE PAYC opened at $232.06 on Tuesday. The firm’s fifty day moving average is $205.46 and its two-hundred day moving average is $173.71. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm has a market cap of $13.38 billion, a PE ratio of 27.93, a P/E/G ratio of 3.12 and a beta of 1.11.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio is presently 18.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAYC shares. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Monday. TD Cowen raised their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Mizuho upped their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday. Citigroup increased their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Piper Sandler upped their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $202.56.

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.