Capital Impact Advisors LLC reduced its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 26.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,432 shares of the software maker’s stock after selling 5,938 shares during the quarter. Capital Impact Advisors LLC’s holdings in Paycom Software were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PAYC. PNC Financial Services Group Inc. increased its holdings in Paycom Software by 278.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,411 shares of the software maker’s stock valued at $902,000 after acquiring an additional 6,188 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth about $342,000. Profund Advisors LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth about $268,000. UBS Group AG boosted its stake in shares of Paycom Software by 10.1% during the 1st quarter. UBS Group AG now owns 119,510 shares of the software maker’s stock worth $12,834,000 after purchasing an additional 10,976 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Paycom Software by 15.7% during the 1st quarter. Blair William & Co. IL now owns 17,575 shares of the software maker’s stock worth $1,887,000 after purchasing an additional 2,390 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

PAYC has been the topic of several analyst reports. ValuEngine cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Needham & Company LLC initiated coverage on shares of Paycom Software in a research note on Wednesday, July 18th. They set a “buy” rating and a $130.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Paycom Software to $115.00 and gave the stock a “sector perform” rating in a research note on Monday, July 30th. KeyCorp reaffirmed a “buy” rating and set a $133.00 price target on shares of Paycom Software in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Paycom Software from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Paycom Software presently has an average rating of “Buy” and a consensus target price of $119.21.

PAYC opened at $133.64 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 1.06. Paycom Software Inc has a 1 year low of $74.35 and a 1 year high of $164.08. The company has a market capitalization of $8.00 billion, a P/E ratio of 79.83, a P/E/G ratio of 2.53 and a beta of 1.63.

Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, July 31st. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.18. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%. The business had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $124.47 million. As a group, equities research analysts anticipate that Paycom Software Inc will post 2.12 EPS for the current year.

In other Paycom Software news, insider Kathy Oden-Hall sold 2,000 shares of Paycom Software stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $140.21, for a total transaction of $280,420.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 5,200 shares of Paycom Software stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $154.73, for a total transaction of $804,596.00. The disclosure for this sale can be found here. Insiders sold 80,968 shares of company stock worth $12,183,436 over the last three months. Corporate insiders own 16.24% of the company’s stock.

Paycom Software Company 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.

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

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