Friedenthal Financial Takes $776,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Friedenthal Financial bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,785 shares of the software maker’s stock, valued at approximately $776,000.

A number of other large investors have also added to or reduced their stakes in PAYC. Ashton Thomas Private Wealth LLC acquired a new position in shares of Paycom Software in the second quarter valued at $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software during the 3rd quarter worth about $26,000. Brooklyn Investment Group acquired a new position in Paycom Software in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. raised 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 acquiring an additional 77 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in Paycom Software during the second quarter worth approximately $33,000. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $165.27, for a total transaction of $322,276.50. Following the transaction, the chief executive officer now directly owns 2,766,510 shares of the company’s stock, valued at approximately $457,221,107.70. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 25,350 shares of company stock worth $4,853,570. Insiders own 14.50% of the company’s stock.

Paycom Software Stock Down 0.6 %

Shares of NYSE PAYC traded down $1.25 during midday trading on Monday, reaching $200.75. 350,803 shares of the company were exchanged, compared to its average volume of 451,934. The stock’s 50-day moving average price is $220.82 and its 200-day moving average price is $182.63. The stock has a market cap of $11.58 billion, a P/E ratio of 24.16, a PEG ratio of 3.12 and a beta of 1.14. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.75%. Paycom Software’s dividend payout ratio is presently 18.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group increased their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” 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 company a “market perform” rating in a research report on Thursday, October 31st. Barclays raised their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Citigroup lifted their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Piper Sandler raised 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. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $196.63.

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.