Henderson Group PLC Invests $10,215,000 in Paycom Software Inc. (PAYC)
Henderson Group PLC acquired a new position in Paycom Software Inc. (NYSE:PAYC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 236,407 shares of the company’s stock, valued at approximately $10,215,000. Henderson Group PLC owned about 0.41% of Paycom Software as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Bayesian Capital Management LP boosted its stake in shares of Paycom Software by 30.6% in the first quarter. Bayesian Capital Management LP now owns 9,663 shares of the company’s stock worth $344,000 after buying an additional 2,265 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in shares of Paycom Software during the first quarter worth about $356,000. Sapphire Star Partners LP boosted its stake in shares of Paycom Software by 100.0% in the first quarter. Sapphire Star Partners LP now owns 12,772 shares of the company’s stock worth $480,000 after buying an additional 6,386 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Paycom Software during the second quarter worth about $493,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Paycom Software during the second quarter worth about $570,000. Institutional investors own 80.38% of the company’s stock.
Shares of Paycom Software Inc. (NYSE:PAYC) traded up 0.24% on Monday, hitting $49.82. 439,034 shares of the stock traded hands. The stock has a 50-day moving average price of $49.97 and a 200 day moving average price of $44.18. Paycom Software Inc. has a 52 week low of $22.42 and a 52 week high of $52.93. The firm has a market cap of $2.87 billion, a P/E ratio of 77.97 and a beta of 2.02.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.08. Paycom Software had a net margin of 13.36% and a return on equity of 33.66%. The company earned $73.88 million during the quarter, compared to analyst estimates of $70.34 million. During the same quarter last year, the business posted $0.10 EPS. Paycom Software’s quarterly revenue was up 50.9% compared to the same quarter last year. Equities research analysts predict that Paycom Software Inc. will post $0.77 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on PAYC shares. Credit Suisse Group AG restated a “buy” rating and set a $51.00 price objective on shares of Paycom Software in a report on Monday, August 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price target on shares of Paycom Software in a research note on Thursday, August 4th. Stifel Nicolaus boosted their price target on Paycom Software from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Wunderlich boosted their price target on Paycom Software from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Barclays PLC reiterated a “buy” rating on shares of Paycom Software in a research note on Sunday, July 17th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $52.38.
In related news, CFO Craig E. Boelte sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $51.29, for a total value of $2,051,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William X. Kerber III sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $52.08, for a total transaction of $2,864,400.00. The disclosure for this sale can be found here. Insiders own 18.70% of the company’s stock.
About Paycom Software
Paycom Software, Inc (Paycom) is a provider of cloud-based human capital management (HCM) software solution delivered as software as a service (SaaS). The Company’s solution is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications.
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