Paycom Software Inc (NYSE:PAYC) Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of Paycom Software Inc (NYSE:PAYC) by 75.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,780 shares of the software maker’s stock after purchasing an additional 2,480 shares during the period. IFM Investors Pty Ltd’s holdings in Paycom Software were worth $1,211,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PAYC. CSat Investment Advisory L.P. bought a new position in shares of Paycom Software in the second quarter valued at $34,000. FTB Advisors Inc. increased its holdings in shares of Paycom Software by 106.5% in the third quarter. FTB Advisors Inc. now owns 190 shares of the software maker’s stock valued at $39,000 after buying an additional 98 shares in the last quarter. Riverhead Capital Management LLC bought a new position in shares of Paycom Software in the second quarter valued at $45,000. Quest Capital Management Inc. ADV bought a new position in shares of Paycom Software in the third quarter valued at $43,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Paycom Software by 404.8% in the second quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares in the last quarter. 72.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PAYC traded up $5.42 during trading hours on Friday, hitting $218.42. 597,893 shares of the stock traded hands, compared to its average volume of 652,410. The firm has a 50 day moving average price of $210.74 and a 200 day moving average price of $221.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Paycom Software Inc has a fifty-two week low of $107.46 and a fifty-two week high of $259.71. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 100.19, a PEG ratio of 2.75 and a beta of 1.37.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Paycom Software had a net margin of 23.99% and a return on equity of 38.52%. The business had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $171.46 million. During the same period in the previous year, the company posted $0.52 EPS. Paycom Software’s revenue was up 31.3% on a year-over-year basis. Research analysts predict that Paycom Software Inc will post 2.81 EPS for the current year.

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In other news, insider Jeffrey D. York sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.78, for a total transaction of $5,319,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.09% of the company’s stock.

PAYC has been the topic of several research reports. Royal Bank of Canada upped their price target on Paycom Software to $230.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Oppenheimer upped their price target on Paycom Software from $220.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $259.00 target price on the stock in a research note on Wednesday, August 21st. Credit Suisse Group reissued a “hold” rating and set a $235.00 target price on shares of Paycom Software in a research note on Thursday, October 31st. Finally, Jefferies Financial Group downgraded shares of Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 target price on the stock. in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $238.00.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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

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