US Bancorp DE lessened its stake in shares of Paycom Software Inc (NYSE:PAYC) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,659 shares of the software maker’s stock after selling 1,243 shares during the quarter. US Bancorp DE owned about 0.05% of Paycom Software worth $4,763,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PAYC. Keybank National Association OH increased its holdings in shares of Paycom Software by 10.8% in the 2nd quarter. Keybank National Association OH now owns 4,262 shares of the software maker’s stock valued at $421,000 after acquiring an additional 414 shares during the period. Bank of Montreal Can increased its stake in Paycom Software by 3.3% in the 3rd quarter. Bank of Montreal Can now owns 13,652 shares of the software maker’s stock valued at $2,122,000 after buying an additional 442 shares during the period. Creative Planning increased its stake in Paycom Software by 5.8% in the 3rd quarter. Creative Planning now owns 8,445 shares of the software maker’s stock valued at $1,312,000 after buying an additional 461 shares during the period. Concorde Asset Management LLC increased its stake in Paycom Software by 22.4% in the 2nd quarter. Concorde Asset Management LLC now owns 2,557 shares of the software maker’s stock valued at $253,000 after buying an additional 468 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Paycom Software by 1.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,740 shares of the software maker’s stock valued at $6,177,000 after buying an additional 468 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

In related news, insider Kathy Oden-Hall sold 2,000 shares of the business’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $140.21, for a total value of $280,420.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $152.53, for a total transaction of $7,626,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,200 shares of company stock worth $11,855,816. Corporate insiders own 16.24% of the company’s stock.

NYSE:PAYC opened at $122.59 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software Inc has a fifty-two week low of $75.39 and a fifty-two week high of $164.08. The firm has a market cap of $7.44 billion, a PE ratio of 139.31, a P/E/G ratio of 2.30 and a beta of 1.83.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Paycom Software had a net margin of 22.37% and a return on equity of 39.19%. The business had revenue of $133.29 million for the quarter, compared to analysts’ expectations of $130.52 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. As a group, equities research analysts expect that Paycom Software Inc will post 2.15 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Paycom Software to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group boosted their price objective on shares of Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Jefferies Financial Group boosted their price objective on shares of Paycom Software to $139.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Canaccord Genuity dropped their price objective on shares of Paycom Software from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Finally, Bank of America cut shares of Paycom Software from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Wednesday, September 26th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $127.65.

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Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

Featured Article: Quiet Period

Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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