Keybank National Association OH trimmed its position in Paycom Software Inc (NYSE:PAYC) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,789 shares of the software maker’s stock after selling 644 shares during the quarter. Keybank National Association OH’s holdings in Paycom Software were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of PAYC. Vanguard Group Inc. boosted its position in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after acquiring an additional 93,152 shares during the period. Vanguard Group Inc boosted its position in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after acquiring an additional 93,152 shares during the period. Capital International Investors acquired a new position in Paycom Software during the 3rd quarter worth $488,601,000. BlackRock Inc. boosted its position in Paycom Software by 0.6% during the 3rd quarter. BlackRock Inc. now owns 2,188,717 shares of the software maker’s stock worth $340,147,000 after acquiring an additional 13,558 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in Paycom Software by 15.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,069,875 shares of the software maker’s stock worth $166,269,000 after acquiring an additional 141,460 shares during the period. Institutional investors and hedge funds own 77.22% of the company’s stock.
In other news, CFO Craig E. Boelte sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total value of $1,545,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.24% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Wednesday, February 6th. Bank of America boosted their price target on Paycom Software from $147.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 6th. Canaccord Genuity upped their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, February 6th. They noted that the move was a valuation call. Jefferies Financial Group upped their price objective on Paycom Software to $180.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Finally, Robert W. Baird upped their price objective on Paycom Software from $134.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $148.87.
Shares of Paycom Software stock opened at $175.96 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.31 billion, a PE ratio of 80.72, a PEG ratio of 2.68 and a beta of 1.78. Paycom Software Inc has a fifty-two week low of $80.39 and a fifty-two week high of $179.22.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.13. The business had revenue of $150.33 million during the quarter, compared to analyst estimates of $144.10 million. Paycom Software had a return on equity of 38.66% and a net margin of 24.20%. The company’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities analysts anticipate that Paycom Software Inc will post 2.63 earnings per share for the current fiscal year.
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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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