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Citigroup Inc. Sells 15,329 Shares of Paycom Software, Inc. $PAYC
Citigroup Inc. reduced its stake in Paycom Software, Inc. by 13.5%, selling 15,329 shares and retaining 98,036 shares valued at $20.4 million. Despite the reduction by Citigroup, other institutional investors have increased their holdings in Paycom. The company recently reported quarterly earnings that slightly beat expectations and announced a dividend of $0.375 per share, while analysts maintain a “Hold” rating with an average price target of $168.57.