BRYN MAWR TRUST Co Has $410,000 Holdings in Paycom Software, Inc. (PAYC)
BRYN MAWR TRUST Co maintained its stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the software maker’s stock at the end of the second quarter. BRYN MAWR TRUST Co’s holdings in Paycom Software were worth $410,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Paycom Software by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock worth $126,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after acquiring an additional 150 shares in the last quarter. Strs Ohio grew its holdings in Paycom Software by 342.9% during the 1st quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock worth $178,000 after acquiring an additional 2,400 shares in the last quarter. Bfsg LLC acquired a new position in Paycom Software during the 1st quarter worth $203,000. Finally, Raymond James Trust N.A. acquired a new position in Paycom Software during the 2nd quarter worth $203,000. 86.05% of the stock is owned by institutional investors.
Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. The business had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.98 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year.
In other Paycom Software news, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total transaction of $821,920.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $75.02, for a total transaction of $750,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,000 shares of company stock worth $4,249,320. Insiders own 17.90% of the company’s stock.
Several brokerages have weighed in on PAYC. Northland Securities began coverage on shares of Paycom Software in a report on Thursday. They set an “outperform” rating for the company. Barclays PLC raised their price objective on shares of Paycom Software from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, September 13th. Robert W. Baird reissued a “buy” rating and set a $78.00 price objective on shares of Paycom Software in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub raised shares of Paycom Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.07.
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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