Paycom Software Inc (PAYC) Shares Bought by Mckinley Capital Management LLC Delaware
Mckinley Capital Management LLC Delaware boosted its stake in Paycom Software Inc (NYSE:PAYC) by 24.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 192,196 shares of the software maker’s stock after acquiring an additional 37,657 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Paycom Software were worth $15,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 150 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Paycom Software during the 3rd quarter worth $164,000. Aperio Group LLC purchased a new position in shares of Paycom Software during the 4th quarter worth $201,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 acquiring an additional 908 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new position in shares of Paycom Software during the 3rd quarter worth $254,000. 87.12% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on PAYC shares. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target on shares of Paycom Software in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Friday, November 3rd. Wells Fargo & Co set a $89.00 price target on shares of Paycom Software and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $82.00 target price on shares of Paycom Software in a research note on Wednesday, November 1st. Finally, Oppenheimer restated a “buy” rating and set a $88.00 target price (up previously from $75.00) on shares of Paycom Software in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $88.56.
Paycom Software Inc (NYSE PAYC) opened at $84.51 on Tuesday. 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 Inc has a one year low of $50.80 and a one year high of $93.61. The firm has a market cap of $4,816.68, a price-to-earnings ratio of 74.13, a P/E/G ratio of 2.07 and a beta of 1.70.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company 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%. Paycom Software’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. research analysts expect that Paycom Software Inc will post 1.56 earnings per share for the current year.
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Paycom Software Company 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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