SG Americas Securities LLC Sells 4,267 Shares of Paycom Software, Inc. (NYSE:PAYC)

SG Americas Securities LLC decreased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 71.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,709 shares of the software maker’s stock after selling 4,267 shares during the period. SG Americas Securities LLC’s holdings in Paycom Software were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after purchasing an additional 905 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Paycom Software by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after acquiring an additional 41,187 shares during the period. Principal Financial Group Inc. increased its position in Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after purchasing an additional 5,574 shares during the period. FMR LLC raised its holdings in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Paycom Software by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock worth $41,952,000 after purchasing an additional 6,916 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PAYC shares. Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Barclays cut their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $204.75.

Paycom Software Price Performance

NYSE PAYC opened at $205.20 on Tuesday. The company has a fifty day moving average price of $215.83 and a 200-day moving average price of $189.11. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.85 and a beta of 1.15.

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 Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total value of $446,725.50. Following the transaction, the chief executive officer now owns 2,731,410 shares of the company’s stock, valued at approximately $625,738,716.90. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 7,800 shares of company stock valued at $1,756,209 in the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

Paycom Software Company 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.