VestGen Advisors LLC Makes New $433,000 Investment in Paycom Software, Inc. $PAYC

VestGen Advisors LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the third quarter, HoldingsChannel reports. The firm purchased 1,991 shares of the software maker’s stock, valued at approximately $433,000.

Several other large investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Paycom Software in the third quarter valued at approximately $28,000. SYM FINANCIAL Corp purchased a new position in Paycom Software in the third quarter worth $260,000. Park Avenue Securities LLC purchased a new position in Paycom Software in the third quarter worth $208,000. Signaturefd LLC raised its position in Paycom Software by 3.4% in the third quarter. Signaturefd LLC now owns 2,547 shares of the software maker’s stock worth $554,000 after acquiring an additional 83 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Paycom Software in the third quarter valued at $710,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAYC. Bank of America initiated coverage on shares of Paycom Software in a report on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Stifel Nicolaus upped their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. TD Cowen increased their target price on shares of Paycom Software from $244.00 to $286.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, BTIG Research lifted their price target on shares of Paycom Software from $230.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $256.21.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Shane Hadlock sold 241 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares in the company, valued at approximately $16,783,533.77. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.20% of the company’s stock.

Paycom Software Stock Performance

NYSE PAYC opened at $265.66 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $275.22. The business has a fifty day moving average of $236.55 and a 200-day moving average of $164.66. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. As a group, analysts predict that Paycom Software, Inc. will post 10.80 earnings per share for the current fiscal year.

About Paycom Software

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.