Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,454 shares of the software maker’s stock after selling 138 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Paycom Software were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sylebra Capital LLC boosted its holdings in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock valued at $326,888,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC lifted its stake in Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after purchasing an additional 45,404 shares during the last quarter. FMR LLC grew its position in shares of Paycom Software by 55.0% in the 3rd 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of 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 purchasing an additional 6,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $81,030,000 after acquiring an additional 151,807 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $209.62, for a total transaction of $408,759.00. Following the sale, the chief executive officer now directly owns 2,747,010 shares in the company, valued at approximately $575,828,236.20. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 13,650 shares of company stock valued at $2,914,139. 14.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PAYC shares. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday. Piper Sandler upped their price target 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. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Twelve research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $204.75.

Paycom Software Stock Performance

Shares of PAYC stock opened at $207.52 on Monday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock’s 50 day simple moving average is $217.17 and its 200 day simple moving average is $187.17. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.85 and a beta of 1.14.

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.