Paycom Software Inc (PAYC) Shares Bought by Advisory Research Inc.

Advisory Research Inc. raised its stake in Paycom Software Inc (NYSE:PAYC) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,613 shares of the software maker’s stock after buying an additional 737 shares during the period. Advisory Research Inc.’s holdings in Paycom Software were worth $2,138,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PAYC. PNC Financial Services Group Inc. increased its holdings in Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares in the last quarter. California Public Employees Retirement System increased its holdings in Paycom Software by 2.1% in the second quarter. California Public Employees Retirement System now owns 38,200 shares of the software maker’s stock valued at $2,613,000 after buying an additional 800 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Paycom Software by 41.3% in the second quarter. Parametric Portfolio Associates LLC now owns 32,796 shares of the software maker’s stock valued at $2,244,000 after buying an additional 9,580 shares in the last quarter. Voya Investment Management LLC increased its holdings in Paycom Software by 23.3% in the second quarter. Voya Investment Management LLC now owns 22,850 shares of the software maker’s stock valued at $1,563,000 after buying an additional 4,315 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Paycom Software by 3.8% in the second quarter. Stifel Financial Corp now owns 8,882 shares of the software maker’s stock valued at $612,000 after buying an additional 328 shares in the last quarter. 87.12% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on PAYC. Jefferies Group raised their price objective on shares of Paycom Software from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Credit Suisse Group raised their price objective on shares of Paycom Software from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note 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 note on Friday, November 3rd. Bank of America began coverage on shares of Paycom Software in a research note on Monday, November 6th. They set a “buy” rating and a $92.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Paycom Software from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $88.56.

In related news, CFO Craig E. Boelte sold 11,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Levenson sold 18,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total transaction of $1,666,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,750 shares of company stock worth $6,533,308. 17.90% of the stock is owned by company insiders.

Shares of Paycom Software Inc (NYSE PAYC) opened at $94.90 on Friday. Paycom Software Inc has a 1 year low of $51.80 and a 1 year high of $96.59. The stock has a market cap of $5,480.00, a P/E ratio of 83.25, a P/E/G ratio of 2.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The firm had revenue of $114.00 million for the quarter, compared to analyst estimates of $113.01 million. During the same quarter last year, the business earned $0.18 earnings per share. Paycom Software’s revenue was up 29.8% compared to the same quarter last year. analysts forecast that Paycom Software Inc will post 1.56 EPS for the current year.

Paycom Software declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 13th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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

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