E. Ohman J or Asset Management AB Boosts Holdings in Paycom Software, Inc. (NYSE:PAYC)

E. Ohman J or Asset Management AB grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 42.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,700 shares of the software maker’s stock after acquiring an additional 800 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Paycom Software were worth $553,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Private Trust Co. NA raised its stake in shares of Paycom Software by 11.2% during the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after acquiring an additional 53 shares in the last quarter. Wrapmanager Inc. raised its stake in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after acquiring an additional 56 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after purchasing an additional 68 shares during the last quarter. Finally, Michael S. Ryan Inc. grew its holdings in shares of Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after purchasing an additional 68 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $226.55, for a total transaction of $441,772.50. Following the sale, the chief executive officer now owns 2,737,260 shares in the company, valued at approximately $620,126,253. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 5,850 shares of company stock worth $1,333,839. Corporate insiders own 12.60% of the company’s stock.

Analyst Ratings Changes

PAYC has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays cut their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. TD Cowen raised their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. BMO Capital Markets lifted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, 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 report on Thursday, October 31st. Eleven investment 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 an average rating of “Hold” and a consensus target price of $204.75.

Paycom Software Trading Up 0.4 %

Shares of PAYC stock opened at $206.09 on Thursday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market cap of $11.88 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.85 and a beta of 1.15. The company’s fifty day moving average price is $214.62 and its 200-day moving average price is $189.80.

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.