State of Wisconsin Investment Board Has $13.38 Million Holdings in Paycom Software, Inc. (PAYC)
State of Wisconsin Investment Board decreased its position in Paycom Software, Inc. (NYSE:PAYC) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 178,450 shares of the software maker’s stock after selling 50,000 shares during the period. State of Wisconsin Investment Board owned 0.31% of Paycom Software worth $13,377,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Paycom Software by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after buying an additional 167 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Paycom Software in the 3rd quarter valued at about $164,000. PNC Financial Services Group Inc. increased its stake in Paycom Software by 7.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Paycom Software in the 2nd quarter valued at about $203,000. Finally, Fiduciary Trust Co. purchased a new stake in Paycom Software in the 2nd quarter valued at about $215,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.
PAYC has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $82.00 price target on shares of Paycom Software in a research note on Wednesday, November 1st. J P Morgan Chase & Co raised their price target on shares of Paycom Software from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $88.00 price target (up previously from $75.00) on shares of Paycom Software in a research note on Wednesday, November 1st. Barclays PLC raised their price target on shares of Paycom Software from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th. Finally, Stifel Nicolaus raised their price target on shares of Paycom Software from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $83.44.
In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $75.02, for a total value of $750,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,000 shares of company stock valued at $4,564,520. Insiders own 17.90% of the company’s stock.
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Paycom Software, Inc. (NYSE PAYC) opened at $79.48 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software, Inc. has a fifty-two week low of $40.67 and a fifty-two week high of $83.11. The company has a market cap of $4,597.04, a price-to-earnings ratio of 73.74, a price-to-earnings-growth ratio of 3.26 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The firm had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. equities research analysts anticipate that Paycom Software, Inc. will post 0.82 earnings per share for the current year.
Paycom Software 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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