Paycom Software Inc (NYSE:PAYC) Shares Purchased by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. grew its position in Paycom Software Inc (NYSE:PAYC) by 178.9% in the 3rd quarter, Holdings reports. The firm owned 59,950 shares of the software maker’s stock after buying an additional 38,454 shares during the period. Paycom Software makes up approximately 1.4% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 24th largest position. Waratah Capital Advisors Ltd.’s holdings in Paycom Software were worth $12,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CSat Investment Advisory L.P. acquired a new position in shares of Paycom Software during the second quarter worth approximately $34,000. FTB Advisors Inc. grew its holdings in Paycom Software by 106.5% in the 3rd quarter. FTB Advisors Inc. now owns 190 shares of the software maker’s stock worth $39,000 after buying an additional 98 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in Paycom Software in the 3rd quarter worth approximately $43,000. Riverhead Capital Management LLC acquired a new stake in Paycom Software in the 2nd quarter valued at approximately $45,000. Finally, Flagship Harbor Advisors LLC increased its position in Paycom Software by 404.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 69.90% of the company’s stock.

Shares of PAYC traded up $2.47 during trading hours on Tuesday, hitting $271.51. 295,156 shares of the company were exchanged, compared to its average volume of 594,706. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $16.17 billion, a PE ratio of 124.54, a PEG ratio of 3.58 and a beta of 1.32. The firm has a fifty day simple moving average of $229.11 and a 200-day simple moving average of $227.42. Paycom Software Inc has a one year low of $111.48 and a one year high of $279.95.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Paycom Software had a return on equity of 38.52% and a net margin of 23.99%. The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $171.46 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Paycom Software’s revenue for the quarter was up 31.3% compared to the same quarter last year. Sell-side analysts expect that Paycom Software Inc will post 2.81 EPS for the current year.

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A number of brokerages have issued reports on PAYC. Royal Bank of Canada upgraded Paycom Software from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $278.00 in a research report on Wednesday, November 27th. ValuEngine upgraded Paycom Software from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup started coverage on Paycom Software in a research note on Friday, October 25th. They issued a “buy” rating and a $262.00 price objective on the stock. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $259.00 price objective for the company in a report on Wednesday, August 21st. Finally, KeyCorp lowered their target price on Paycom Software from $275.00 to $261.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $237.47.

In related news, insider Jeffrey D. York sold 25,000 shares of Paycom Software stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.78, for a total value of $5,319,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.09% of the company’s stock.

Paycom Software 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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