Cetera Advisors LLC bought a new position in shares of Paycom Software Inc (NYSE:PAYC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the software maker’s stock, valued at approximately $241,000.
Several other large investors have also bought and sold shares of the company. Mckinley Capital Management LLC Delaware grew its position in Paycom Software by 24.4% in the 4th quarter. Mckinley Capital Management LLC Delaware now owns 192,196 shares of the software maker’s stock worth $15,439,000 after purchasing an additional 37,657 shares in the last quarter. Penserra Capital Management LLC grew its position in Paycom Software by 209.4% in the 4th quarter. Penserra Capital Management LLC now owns 68,235 shares of the software maker’s stock worth $5,481,000 after purchasing an additional 46,180 shares in the last quarter. Texas Yale Capital Corp. grew its position in Paycom Software by 24.4% in the 4th quarter. Texas Yale Capital Corp. now owns 7,000 shares of the software maker’s stock worth $562,000 after purchasing an additional 1,375 shares in the last quarter. Swiss National Bank grew its position in Paycom Software by 2.5% in the 4th quarter. Swiss National Bank now owns 81,197 shares of the software maker’s stock worth $6,523,000 after purchasing an additional 2,000 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Paycom Software by 18.5% in the 4th quarter. California Public Employees Retirement System now owns 51,764 shares of the software maker’s stock worth $4,158,000 after purchasing an additional 8,068 shares in the last quarter. 89.38% of the stock is owned by institutional investors.
PAYC has been the subject of a number of recent analyst reports. Jefferies Group upped their price objective on shares of Paycom Software from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Credit Suisse Group upped their price objective on shares of Paycom Software from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, November 3rd. Bank of America began coverage on shares of Paycom Software in a research report on Monday, November 6th. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Mizuho dropped their target price on shares of Paycom Software from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Paycom Software presently has a consensus rating of “Buy” and an average target price of $88.56.
Paycom Software Inc (PAYC) opened at $94.90 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $5,480.00, a PE ratio of 83.98, a price-to-earnings-growth ratio of 1.99 and a beta of 1.70. Paycom Software Inc has a 52 week low of $52.07 and a 52 week high of $96.59.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 46.27%. Paycom Software’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. equities research analysts anticipate that Paycom Software Inc will post 1.85 EPS for the current year.
Paycom Software announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, Director Robert J. Levenson sold 18,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total transaction of $1,666,687.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 79,750 shares of company stock worth $6,533,308 over the last 90 days. 17.90% of the stock is currently owned by corporate insiders.
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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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