BNP Paribas Arbitrage SA lifted its position in Paycom Software, Inc. (NYSE:PAYC) by 573.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,186 shares of the software maker’s stock after purchasing an additional 5,268 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Paycom Software were worth $423,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Strs Ohio grew its holdings in shares of Paycom Software by 342.9% in the 1st quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock worth $178,000 after purchasing an additional 2,400 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Paycom Software by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,715 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 140 shares during the last quarter. Swiss National Bank grew its holdings in shares of Paycom Software by 1.2% in the 1st quarter. Swiss National Bank now owns 69,597 shares of the software maker’s stock worth $4,003,000 after purchasing an additional 800 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Paycom Software by 47.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after purchasing an additional 7,881 shares during the last quarter. Finally, 1st Global Advisors Inc. grew its holdings in shares of Paycom Software by 3.4% in the 1st quarter. 1st Global Advisors Inc. now owns 5,492 shares of the software maker’s stock worth $316,000 after purchasing an additional 182 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.
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In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of Paycom Software stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.02, for a total value of $750,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total value of $821,920.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,000 shares of company stock worth $6,353,820. Company insiders own 17.90% of the company’s stock.
Shares of Paycom Software, Inc. (NYSE:PAYC) opened at 74.79 on Friday. Paycom Software, Inc. has a one year low of $39.15 and a one year high of $75.57. The firm’s 50-day moving average is $72.08 and its 200-day moving average is $65.41. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 81.12 and a beta of 1.75.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Paycom Software had a return on equity of 35.77% and a net margin of 14.28%. The firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.98 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts expect that Paycom Software, Inc. will post $1.15 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on PAYC shares. KeyCorp upped their target price on shares of Paycom Software to $94.00 in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of Paycom Software in a report on Monday, July 3rd. BidaskClub lowered shares of Paycom Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Canaccord Genuity upped their target price on shares of Paycom Software from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $73.00 target price on shares of Paycom Software in a report on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $76.07.
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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