7,970 Shares in Paycom Software, Inc. (PAYC) Purchased by Chicago Equity Partners LLC
Chicago Equity Partners LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,970 shares of the software maker’s stock, valued at approximately $545,000.
Several other institutional investors have also bought and sold shares of PAYC. Teachers Advisors LLC increased its stake in shares of Paycom Software by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 72,465 shares of the software maker’s stock worth $3,296,000 after purchasing an additional 1,511 shares during the period. Strs Ohio increased its stake in shares of Paycom Software by 342.9% in the first quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock worth $178,000 after purchasing an additional 2,400 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Paycom Software in the first quarter worth about $240,000. State Board of Administration of Florida Retirement System increased its stake in shares of Paycom Software by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,715 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 140 shares during the period. Finally, Capital Fund Management S.A. increased its stake in shares of Paycom Software by 27.2% in the first quarter. Capital Fund Management S.A. now owns 24,812 shares of the software maker’s stock worth $1,427,000 after purchasing an additional 5,299 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.
A number of equities analysts have recently commented on the company. Canaccord Genuity lifted their price objective on Paycom Software from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. KeyCorp lifted their price objective on Paycom Software to $94.00 in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $74.00 price objective (up from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. lifted their price objective on Paycom Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded Paycom Software from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paycom Software presently has a consensus rating of “Buy” and a consensus target price of $75.36.
Paycom Software, Inc. (NYSE:PAYC) opened at 75.27 on Tuesday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 81.64 and a beta of 1.75. Paycom Software, Inc. has a 52 week low of $39.15 and a 52 week high of $75.57. The company’s 50-day moving average price is $71.49 and its 200 day moving average price is $64.91.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.98 million. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, analysts predict that Paycom Software, Inc. will post $1.15 EPS for the current year.
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In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $75.02, for a total value of $750,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey D. York sold 40,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $66.93, for a total transaction of $2,677,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,000 shares of company stock worth $5,531,900. Insiders own 17.90% of the company’s stock.
Paycom Software Company Profile
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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