Paycom (PAYC) Stake Decreased by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of Paycom (NYSE:PAYC) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,414 shares of the software maker’s stock after selling 3,239 shares during the period. American Century Companies Inc.’s holdings in Paycom were worth $11,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of Paycom during the 1st quarter worth approximately $117,000. Comerica Bank acquired a new position in Paycom during the 1st quarter worth approximately $207,000. Cookson Peirce & Co. Inc. acquired a new position in Paycom during the 1st quarter worth approximately $213,000. CIBC Asset Management Inc acquired a new position in Paycom during the 1st quarter worth approximately $214,000. Finally, Aperio Group LLC acquired a new position in Paycom during the 4th quarter worth approximately $201,000. 87.00% of the stock is owned by institutional investors.

In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $98.45, for a total transaction of $1,082,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Levenson sold 3,004 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $100.93, for a total transaction of $303,193.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,750 shares of company stock valued at $17,417,816. Corporate insiders own 16.24% of the company’s stock.

Shares of NYSE PAYC opened at $103.52 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. Paycom has a 52-week low of $62.17 and a 52-week high of $118.45. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 117.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47.

Paycom (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. Paycom had a net margin of 17.62% and a return on equity of 42.85%. The firm had revenue of $153.92 million during the quarter, compared to analysts’ expectations of $151.42 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was up 28.8% on a year-over-year basis. research analysts expect that Paycom will post 1.83 earnings per share for the current year.

Paycom announced that its board has authorized a stock buyback program on Tuesday, February 13th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

PAYC has been the subject of a number of research analyst reports. Dougherty & Co upped their price objective on shares of Paycom from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. Zacks Investment Research upgraded shares of Paycom from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research report on Friday, February 9th. Barclays cut shares of Paycom from an “overweight” rating to an “equal weight” rating and set a $97.00 price objective for the company. in a research report on Thursday, April 12th. KeyCorp reiterated a “buy” rating and set a $105.00 price objective on shares of Paycom in a research report on Monday, February 12th. Finally, Credit Suisse Group upped their price objective on shares of Paycom from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $102.29.

Paycom 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 (NYSE:PAYC)

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