Winslow Evans & Crocker Inc. Acquires New Stake in Paycom Software Inc (PAYC)

Winslow Evans & Crocker Inc. purchased a new position in Paycom Software Inc (NYSE:PAYC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,526 shares of the software maker’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAYC. JPMorgan Chase & Co. grew its holdings in shares of Paycom Software by 96.1% in the third quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock worth $87,664,000 after purchasing an additional 574,658 shares during the last quarter. Capital World Investors grew its holdings in shares of Paycom Software by 6.7% in the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock worth $452,389,000 after purchasing an additional 415,000 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Paycom Software by 12.7% in the second quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock worth $205,302,000 after purchasing an additional 338,351 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Paycom Software by 60.3% in the second quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock worth $51,229,000 after purchasing an additional 281,778 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Paycom Software in the second quarter worth about $271,000. Hedge funds and other institutional investors own 88.41% of the company’s stock.

A number of research firms have recently commented on PAYC. Northland Securities set a $101.00 price target on shares of Paycom Software and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Bank of America initiated coverage on shares of Paycom Software in a report on Monday, November 6th. They set a “buy” rating and a $92.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price on shares of Paycom Software in a report on Friday, November 3rd. Finally, Barclays increased their target price on shares of Paycom Software from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $84.33.

In other Paycom Software 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 transaction of $868,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 have sold 79,750 shares of company stock valued at $6,533,308. Insiders own 17.90% of the company’s stock.

Paycom Software Inc (PAYC) opened at $91.19 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software Inc has a 1-year low of $42.52 and a 1-year high of $91.79. The stock has a market cap of $5,400.00, a PE ratio of 86.03, a price-to-earnings-growth ratio of 2.88 and a beta of 1.67.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The business had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. equities analysts anticipate that Paycom Software Inc will post 0.82 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.

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

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