Advisory Research Inc. Has $4,257,000 Holdings in Paycom Software, Inc. (PAYC)
Advisory Research Inc. held its stake in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,023 shares of the software maker’s stock at the end of the 2nd quarter. Advisory Research Inc. owned about 0.13% of Paycom Software worth $4,257,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PAYC. Raymond James Financial Services Advisors Inc. boosted its holdings in Paycom Software by 4.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,403 shares of the software maker’s stock worth $541,000 after buying an additional 376 shares during the period. Alps Advisors Inc. boosted its holdings in Paycom Software by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,542 shares of the software maker’s stock worth $584,000 after buying an additional 22 shares during the period. Ameritas Investment Partners Inc. bought a new position in Paycom Software in the 1st quarter worth $219,000. Federated Investors Inc. PA boosted its holdings in Paycom Software by 372.3% in the 2nd quarter. Federated Investors Inc. PA now owns 70,163 shares of the software maker’s stock worth $4,800,000 after buying an additional 55,308 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Paycom Software by 11.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,900 shares of the software maker’s stock worth $9,092,000 after buying an additional 14,144 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on PAYC. Canaccord Genuity upped their target price on shares of Paycom Software from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. KeyCorp reaffirmed a “hold” rating on shares of Paycom Software in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $74.00 target price (up previously from $67.00) on shares of Paycom Software in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. upped their target price on shares of Paycom Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Paycom Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Paycom Software currently has a consensus rating of “Buy” and a consensus target price of $76.63.
Shares of Paycom Software, Inc. (NYSE PAYC) traded up 0.32% during mid-day trading on Tuesday, reaching $78.46. 67,608 shares of the company’s stock traded hands. The company’s 50 day moving average is $74.52 and its 200 day moving average is $67.81. The company has a market cap of $4.55 billion, a P/E ratio of 85.10 and a beta of 1.73. Paycom Software, Inc. has a 12-month low of $39.15 and a 12-month high of $78.88.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.98 million. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. Paycom Software’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, analysts predict that Paycom Software, Inc. will post $1.15 EPS for the current fiscal year.
In related news, insider Stacey M. Pezold sold 10,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. York sold 40,000 shares of the business’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. Insiders have sold 61,000 shares of company stock worth $4,564,520 over the last 90 days. 17.90% of the stock is currently owned by company insiders.
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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