1,201 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,201 shares of the software maker’s stock, valued at approximately $246,000.

Other institutional investors have also modified their holdings of the company. Sylebra Capital LLC raised its stake in Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after buying an additional 685,190 shares in the last quarter. FMR LLC raised its stake in Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after buying an additional 357,723 shares in the last quarter. International Assets Investment Management LLC raised its stake in Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after buying an additional 278,529 shares in the last quarter. Confluence Investment Management LLC raised its stake in Paycom Software by 147.3% during the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock valued at $62,943,000 after buying an additional 225,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Paycom Software by 45.4% during 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 buying an additional 151,807 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $207.52 on Monday. The stock has a fifty day moving average price of $217.17 and a two-hundred day moving average price of $187.17. The firm has a market cap of $11.97 billion, a P/E ratio of 24.97, 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.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the sale, the chief executive officer now directly owns 2,750,910 shares of the company’s stock, valued at $474,339,411.30. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 13,650 shares of company stock valued at $2,914,139. 14.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PAYC. Barclays dropped their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday. TD Cowen increased their price target on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price target on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Citigroup dropped their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group increased their price target on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $204.75.

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.