IFP Advisors Inc trimmed its holdings in Paycom Software Inc (NYSE:PAYC) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 777 shares of the software maker’s stock after selling 170 shares during the quarter. IFP Advisors Inc’s holdings in Paycom Software were worth $94,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in PAYC. Capital International Investors purchased a new position in shares of Paycom Software during the 3rd quarter valued at about $488,601,000. Wedge Capital Management L L P NC acquired a new stake in Paycom Software in the 3rd quarter worth about $59,664,000. Allianz Asset Management GmbH boosted its holdings in Paycom Software by 15.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,069,875 shares of the software maker’s stock worth $166,269,000 after buying an additional 141,460 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after purchasing an additional 93,152 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after purchasing an additional 93,152 shares during the last quarter. 77.22% of the stock is currently owned by institutional investors.
PAYC stock opened at $175.96 on Monday. The company has a market capitalization of $10.31 billion, a PE ratio of 80.72, a price-to-earnings-growth ratio of 2.68 and a beta of 1.78. Paycom Software Inc has a 12 month low of $80.39 and a 12 month high of $179.22. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09.
PAYC has been the subject of a number of analyst reports. ValuEngine downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. KeyCorp upped their target price on shares of Paycom Software from $133.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, February 6th. Canaccord Genuity cut their price target on shares of Paycom Software from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Robert W. Baird increased their target price on shares of Paycom Software from $134.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $148.87.
In related news, CFO Craig E. Boelte sold 12,000 shares of Paycom Software stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $128.78, for a total transaction of $1,545,360.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.24% of the stock is owned by company insiders.
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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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