Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Paycom Software Inc (NYSE:PAYC) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 701,813 shares of the software maker’s stock after buying an additional 5,284 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 1.20% of Paycom Software worth $56,377,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortaleza Asset Management Inc. acquired a new stake in shares of Paycom Software during the third quarter worth $164,000. PNC Financial Services Group Inc. lifted its holdings in shares of Paycom Software by 7.2% during the second 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 in the last quarter. Aperio Group LLC bought a new position in shares of Paycom Software in the fourth quarter worth $201,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Paycom Software by 49.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock worth $220,000 after purchasing an additional 908 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of Paycom Software in the fourth quarter worth $241,000. 87.12% of the stock is owned by institutional investors.
A number of research analysts recently commented on PAYC shares. Bank of America started coverage on Paycom Software in a research report on Monday, November 6th. They issued a “buy” rating and a $92.00 price target on the stock. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Friday, November 3rd. Oppenheimer restated a “buy” rating and issued a $88.00 price target (up previously from $75.00) on shares of Paycom Software in a research report on Wednesday, November 1st. Dougherty & Co started coverage on Paycom Software in a research report on Tuesday, October 31st. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada restated a “hold” rating and issued a $74.00 price target on shares of Paycom Software in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $88.56.
Paycom Software Inc (NYSE PAYC) opened at $88.90 on Wednesday. Paycom Software Inc has a 12-month low of $50.80 and a 12-month high of $93.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $4,883.71, a PE ratio of 72.85, a price-to-earnings-growth ratio of 2.10 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Paycom Software had a return on equity of 45.18% and a net margin of 15.43%. The firm had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. equities research analysts forecast that Paycom Software Inc will post 1.56 EPS for the current year.
In other news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total transaction of $3,998,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert J. Levenson sold 18,750 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total value of $1,666,687.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,750 shares of company stock worth $6,533,308. Company insiders own 17.90% of the company’s stock.
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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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