Candriam S.C.A. Grows Holdings in Paycom Software, Inc. $PAYC

Candriam S.C.A. grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 21.2% in the third quarter, Holdings Channel reports. The firm owned 120,029 shares of the software maker’s stock after acquiring an additional 21,006 shares during the period. Candriam S.C.A.’s holdings in Paycom Software were worth $24,983,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new position in shares of Paycom Software during the second quarter worth approximately $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Paycom Software during the third quarter worth approximately $31,000. Bogart Wealth LLC raised its stake in shares of Paycom Software by 100.0% during the third quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock valued at $42,000 after acquiring an additional 100 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Paycom Software by 651.9% in the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after purchasing an additional 176 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on PAYC shares. Barclays reduced their price objective on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. KeyCorp lowered their price objective on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Citigroup lowered their price target on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Finally, UBS Group dropped their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $202.86.

Paycom Software Stock Down 1.1%

NYSE:PAYC opened at $129.52 on Tuesday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.38 and a beta of 0.79. Paycom Software, Inc. has a 52 week low of $122.61 and a 52 week high of $267.76. The firm has a 50 day moving average of $153.61 and a 200 day moving average of $186.59.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.