Yorktown Management & Research Co Inc Takes Position in Paycom Software, Inc. (PAYC)
Yorktown Management & Research Co Inc acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,400 shares of the software maker’s stock, valued at approximately $705,000.
Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Paycom Software by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock worth $126,000 after acquiring an additional 167 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Paycom Software by 7.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after purchasing an additional 150 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Paycom Software in the 3rd quarter valued at about $164,000. Raymond James Trust N.A. bought a new position in shares of Paycom Software in the 2nd quarter valued at about $203,000. Finally, Fiduciary Trust Co. bought a new position in shares of Paycom Software in the 2nd quarter valued at about $215,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Stacey M. Pezold sold 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. Insiders sold 61,000 shares of company stock valued at $4,564,520 over the last three months. 17.90% of the stock is owned by company insiders.
Paycom Software, Inc. (NYSE:PAYC) traded up $1.45 during midday trading on Tuesday, hitting $83.44. 739,700 shares of the stock were exchanged, compared to its average volume of 591,787. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software, Inc. has a 12 month low of $41.98 and a 12 month high of $83.67. The firm has a market capitalization of $4,940.00, a P/E ratio of 76.63, a PEG ratio of 3.52 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. sell-side analysts predict that Paycom Software, Inc. will post 0.82 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $74.00 target price (up previously from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Mizuho reaffirmed a “hold” rating and issued a $70.00 target price on shares of Paycom Software in a research note on Tuesday, August 1st. Canaccord Genuity raised their target price on shares of Paycom Software from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. raised their target price on shares of Paycom Software from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Paycom Software in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Paycom Software presently has an average rating of “Buy” and a consensus price target of $83.44.
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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