Public Employees Retirement Association of Colorado Has $20.41 Million Position in Paycom Software Inc (NYSE:PAYC)

Public Employees Retirement Association of Colorado lessened its stake in Paycom Software Inc (NYSE:PAYC) by 1.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 90,032 shares of the software maker’s stock after selling 1,190 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Paycom Software were worth $20,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC grew its position in shares of Paycom Software by 1.9% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,700 shares of the software maker’s stock valued at $612,000 after buying an additional 50 shares during the last quarter. Comerica Bank grew its position in shares of Paycom Software by 2.6% in the 1st quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock valued at $414,000 after buying an additional 56 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Paycom Software by 4.9% in the 2nd quarter. Raymond James Trust N.A. now owns 1,519 shares of the software maker’s stock valued at $344,000 after buying an additional 71 shares during the last quarter. Intrust Bank NA grew its position in shares of Paycom Software by 1.3% in the 1st quarter. Intrust Bank NA now owns 5,642 shares of the software maker’s stock valued at $1,067,000 after buying an additional 74 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Paycom Software by 13.9% in the 1st quarter. Signaturefd LLC now owns 754 shares of the software maker’s stock valued at $143,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

A number of equities research analysts have commented on the company. Jefferies Financial Group lowered Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 price target on the stock. in a research report on Friday, July 19th. Northland Securities upped their price target on Paycom Software from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Zacks Investment Research lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Barclays upped their price target on Paycom Software from $175.00 to $185.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC upped their price target on Paycom Software from $230.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $216.29.

Shares of Paycom Software stock traded down $7.40 on Wednesday, hitting $231.55. 178,499 shares of the company’s stock traded hands, compared to its average volume of 672,079. Paycom Software Inc has a one year low of $107.46 and a one year high of $246.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s fifty day moving average price is $235.32. The company has a market cap of $14.23 billion, a P/E ratio of 106.22, a price-to-earnings-growth ratio of 3.25 and a beta of 1.59.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Paycom Software had a return on equity of 38.25% and a net margin of 23.93%. The company had revenue of $169.30 million for the quarter, compared to analyst estimates of $163.88 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts expect that Paycom Software Inc will post 2.74 EPS for the current year.

In other Paycom Software news, insider Bradley Scott Smith sold 2,600 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $200.95, for a total value of $522,470.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jon Evans sold 2,100 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total value of $504,987.00. The disclosure for this sale can be found here. 16.09% of the stock is owned by corporate insiders.

About Paycom Software

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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