Natixis Advisors L.P. grew its position in shares of Paycom Software Inc (NYSE:PAYC) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,731 shares of the software maker’s stock after buying an additional 489 shares during the period. Natixis Advisors L.P.’s holdings in Paycom Software were worth $1,314,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of PAYC. Capital Investment Advisory Services LLC acquired a new stake in shares of Paycom Software during the 4th quarter worth $27,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Paycom Software in the fourth quarter valued at about $31,000. First Bank & Trust boosted its stake in Paycom Software by 300.8% in the fourth quarter. First Bank & Trust now owns 485 shares of the software maker’s stock valued at $59,000 after buying an additional 364 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Paycom Software during the fourth quarter valued at about $61,000. Finally, Huntington National Bank boosted its stake in shares of Paycom Software by 217.4% during the fourth quarter. Huntington National Bank now owns 584 shares of the software maker’s stock valued at $72,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.
Shares of PAYC opened at $181.16 on Monday. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 83.10, a PEG ratio of 2.76 and a beta of 1.83. 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 Inc has a 1 year low of $96.44 and a 1 year high of $190.63.
In other Paycom Software news, CFO Craig E. Boelte sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total transaction of $1,545,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey D. York sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $173.96, for a total value of $4,349,000.00. The disclosure for this sale can be found here. Insiders sold a total of 51,600 shares of company stock valued at $8,478,698 over the last quarter. Company insiders own 16.24% of the company’s stock.
PAYC has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Paycom Software to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Wednesday, February 6th. Bank of America raised their price objective on Paycom Software from $147.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 6th. Canaccord Genuity raised their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Finally, KeyCorp raised their price objective on Paycom Software from $133.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 6th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Paycom Software has a consensus rating of “Hold” and an average target price of $150.87.
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Paycom Software 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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