GWM Advisors LLC Takes Position in Paycom Software Inc (PAYC)

GWM Advisors LLC purchased a new stake in shares of Paycom Software Inc (NYSE:PAYC) in the third quarter, according to its most recent filing with the SEC. The firm purchased 3,471 shares of the software maker’s stock, valued at approximately $539,000.

Several other hedge funds also recently bought and sold shares of PAYC. Keybank National Association OH raised its position in shares of Paycom Software by 10.8% during the 2nd quarter. Keybank National Association OH now owns 4,262 shares of the software maker’s stock worth $421,000 after purchasing an additional 414 shares during the last quarter. Bank of Montreal Can raised its position in shares of Paycom Software by 3.3% during the 3rd quarter. Bank of Montreal Can now owns 13,652 shares of the software maker’s stock worth $2,122,000 after purchasing an additional 442 shares during the last quarter. Creative Planning raised its position in shares of Paycom Software by 5.8% during the 3rd quarter. Creative Planning now owns 8,445 shares of the software maker’s stock worth $1,312,000 after purchasing an additional 461 shares during the last quarter. Concorde Asset Management LLC raised its position in shares of Paycom Software by 22.4% during the 2nd quarter. Concorde Asset Management LLC now owns 2,557 shares of the software maker’s stock worth $253,000 after purchasing an additional 468 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Paycom Software by 1.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,740 shares of the software maker’s stock worth $6,177,000 after purchasing an additional 468 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

In other news, insider Bradley Scott Smith sold 5,200 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $154.73, for a total transaction of $804,596.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Oden-Hall sold 2,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $140.21, for a total transaction of $280,420.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,200 shares of company stock valued at $11,855,816 over the last three months. Corporate insiders own 16.24% of the company’s stock.

Several research analysts recently issued reports on PAYC shares. Needham & Company LLC initiated coverage on Paycom Software in a research report on Wednesday, July 18th. They set a “buy” rating and a $130.00 price objective for the company. ValuEngine upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Bank of America boosted their price target on Paycom Software from $125.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. KeyCorp reiterated a “buy” rating and issued a $133.00 price target on shares of Paycom Software in a report on Wednesday, August 1st. Finally, Jefferies Financial Group boosted their price target on Paycom Software to $139.00 and gave the company a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.65.

Shares of PAYC opened at $125.12 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 142.18, a price-to-earnings-growth ratio of 2.31 and a beta of 1.83. Paycom Software Inc has a fifty-two week low of $75.39 and a fifty-two week high of $164.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $133.29 million during the quarter, compared to the consensus estimate of $130.52 million. Paycom Software had a return on equity of 42.67% and a net margin of 22.37%. Paycom Software’s revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, analysts forecast that Paycom Software Inc will post 2.15 EPS for the current year.

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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