Victory Capital Management Inc. lowered its position in shares of Paycom Software Inc (NYSE:PAYC) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,174 shares of the software maker’s stock after selling 59,235 shares during the quarter. Victory Capital Management Inc.’s holdings in Paycom Software were worth $25,398,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Fortaleza Asset Management Inc. purchased a new position in Paycom Software during the 3rd quarter worth $164,000. PNC Financial Services Group Inc. raised its position in Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after buying an additional 150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Paycom Software by 49.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock worth $220,000 after buying an additional 908 shares during the last quarter. Concorde Asset Management LLC purchased a new position in Paycom Software during the 3rd quarter worth $254,000. Finally, Winslow Evans & Crocker Inc. purchased a new position in Paycom Software during the 4th quarter worth $283,000. Institutional investors own 87.12% of the company’s stock.

PAYC has been the subject of a number of analyst reports. Royal Bank of Canada restated a “hold” rating and set a $74.00 price objective on shares of Paycom Software in a research report on Wednesday, October 18th. Dougherty & Co initiated coverage on shares of Paycom Software in a research report on Tuesday, October 31st. They set a “buy” rating and a $100.00 price objective for the company. KeyCorp restated a “hold” rating on shares of Paycom Software in a research report on Wednesday, November 1st. Northland Securities set a $85.00 price objective on shares of Paycom Software and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, 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. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $87.94.

In related news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Levenson sold 18,750 shares of the stock in a transaction dated Tuesday, January 16th. The shares were 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. Over the last three months, insiders sold 79,750 shares of company stock worth $6,533,308. 17.90% of the stock is owned by corporate insiders.

Shares of Paycom Software Inc (PAYC) opened at $83.35 on Monday. The company has a market cap of $4,816.68, a PE ratio of 73.11, a P/E/G ratio of 2.07 and a beta of 1.70. Paycom Software Inc has a 12 month low of $50.68 and a 12 month high of $93.61. 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 (NYSE:PAYC) last issued its quarterly earnings data 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 firm 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 45.18%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. equities analysts anticipate that Paycom Software Inc will post 1.56 earnings per share for the current year.

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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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