Riverbridge Partners LLC Has $56.93 Million Stock Position in Paycom Software, Inc. $PAYC

Riverbridge Partners LLC reduced its stake in Paycom Software (PAYC) by 19.7% in Q4, selling 87,554 shares and ending with 357,210 shares valued at approximately $56.93 million. Despite Riverbridge’s reduction, institutional ownership in Paycom remains high at 87.77%, with several other hedge funds and institutional investors, including Vanguard Group Inc., Allianz Asset Management, and Two Sigma Investments LP, increasing their positions. The article also notes mixed analyst sentiment with a consensus “Hold” rating and a target price of $170.71, and details Paycom’s recent quarterly earnings beat and a declared dividend of $0.375 per share.

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