Sather Financial Group Inc Sells 4,553 Shares of Paycom Software, Inc. (NYSE:PAYC)

Sather Financial Group Inc cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 243,434 shares of the software maker’s stock after selling 4,553 shares during the quarter. Paycom Software comprises 3.1% of Sather Financial Group Inc’s holdings, making the stock its 13th biggest position. Sather Financial Group Inc’s holdings in Paycom Software were worth $49,897,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Armstrong Advisory Group Inc. acquired a new position in Paycom Software during the third quarter worth $26,000. Brooklyn Investment Group bought a new stake in Paycom Software during the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after buying an additional 77 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after acquiring an additional 194 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Paycom Software stock opened at $203.04 on Wednesday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The stock has a market cap of $11.71 billion, a P/E ratio of 24.43, a PEG ratio of 2.81 and a beta of 1.15. The firm’s fifty day moving average price is $212.25 and its 200-day moving average price is $190.99.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.74%. Paycom Software’s dividend payout ratio is presently 18.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on PAYC shares. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Mizuho boosted their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays decreased their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. TD Cowen raised their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.