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

Winslow Evans & Crocker Inc. grew its stake in shares of Paycom Software Inc (NYSE:PAYC) by 5.7% during the first quarter, HoldingsChannel reports. The firm owned 3,726 shares of the software maker’s stock after purchasing an additional 200 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Paycom Software were worth $706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in shares of Paycom Software by 2.1% during the 4th quarter. WINTON GROUP Ltd now owns 3,854 shares of the software maker’s stock valued at $472,000 after purchasing an additional 80 shares in the last quarter. Advisory Services Network LLC boosted its stake in Paycom Software by 10.4% during the fourth quarter. Advisory Services Network LLC now owns 905 shares of the software maker’s stock worth $111,000 after acquiring an additional 85 shares in the last quarter. Cim LLC boosted its stake in Paycom Software by 1.7% during the fourth quarter. Cim LLC now owns 9,580 shares of the software maker’s stock worth $1,173,000 after acquiring an additional 163 shares in the last quarter. Sapphire Star Partners LP boosted its stake in Paycom Software by 1.0% during the fourth quarter. Sapphire Star Partners LP now owns 19,419 shares of the software maker’s stock worth $2,378,000 after acquiring an additional 184 shares in the last quarter. Finally, Karp Capital Management Corp boosted its stake in Paycom Software by 2.5% during the fourth quarter. Karp Capital Management Corp now owns 7,855 shares of the software maker’s stock worth $962,000 after acquiring an additional 195 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a research note on Thursday. Barclays boosted their price objective on shares of Paycom Software from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Jefferies Financial Group boosted their price objective on shares of Paycom Software to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Bank of America boosted their price objective on shares of Paycom Software from $147.00 to $166.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 6th. Finally, Robert W. Baird boosted their price objective on shares of Paycom Software from $134.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $157.00.

In other news, insider Jeffrey D. York sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $173.96, for a total value of $4,349,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradley Scott Smith sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $181.53, for a total transaction of $471,978.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,973 shares of company stock worth $7,387,222. Insiders own 16.09% of the company’s stock.

Shares of NYSE PAYC traded up $1.84 during midday trading on Monday, hitting $190.79. The stock had a trading volume of 4,870 shares, compared to its average volume of 538,775. The company has a market cap of $11.04 billion, a PE ratio of 86.63, a P/E/G ratio of 2.87 and a beta of 1.82. Paycom Software Inc has a 52 week low of $96.44 and a 52 week high of $193.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.03.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. The firm had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. Paycom Software had a net margin of 24.20% and a return on equity of 38.83%. The business’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, analysts forecast that Paycom Software Inc will post 2.63 earnings per share for the current fiscal year.

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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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