Paycom Software, Inc. (PAYC) Stake Raised by Teachers Advisors LLC
Teachers Advisors LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,663 shares of the software maker’s stock after purchasing an additional 13,110 shares during the period. Teachers Advisors LLC owned about 0.15% of Paycom Software worth $6,065,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in PAYC. Strs Ohio lifted its position in shares of 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 purchasing an additional 2,400 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Paycom Software by 0.7% during the 1st 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 last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Paycom Software by 47.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after purchasing an additional 7,881 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Paycom Software by 4.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,403 shares of the software maker’s stock worth $541,000 after purchasing an additional 376 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Paycom Software during the 1st quarter worth $219,000. 86.05% of the stock is owned by institutional investors and hedge funds.
Shares of Paycom Software, Inc. (NYSE:PAYC) opened at 77.79 on Monday. The stock has a market capitalization of $4.51 billion, a PE ratio of 84.37 and a beta of 1.73. The company has a 50-day moving average of $74.29 and a 200-day moving average of $67.45. Paycom Software, Inc. has a 12 month low of $39.15 and a 12 month high of $77.89.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.98 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities research analysts expect that Paycom Software, Inc. will post $1.15 EPS for the current fiscal year.
PAYC has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $78.00 price objective on shares of Paycom Software in a research report on Tuesday, September 12th. Barclays PLC reaffirmed a “buy” rating and set a $74.00 price objective on shares of Paycom Software in a research report on Wednesday, July 19th. Canaccord Genuity lifted their price objective on shares of Paycom Software from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Paycom Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $67.00) on shares of Paycom Software in a research report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $76.63.
In other news, insider Stacey M. Pezold sold 10,000 shares of the firm’s 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 filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $74.81, for a total transaction of $2,992,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,000 shares of company stock worth $4,564,520. Insiders own 17.90% of the company’s stock.
About Paycom Software
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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