Kovack Advisors Inc. Sells 225 Shares of Paycom Software Inc (PAYC)

Kovack Advisors Inc. trimmed its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,495 shares of the software maker’s stock after selling 225 shares during the quarter. Kovack Advisors Inc.’s holdings in Paycom Software were worth $283,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PAYC. Vanguard Group Inc grew its position in Paycom Software by 2.2% during the third quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock valued at $675,778,000 after acquiring an additional 93,152 shares during the last quarter. BlackRock Inc. increased its stake in Paycom Software by 1.1% in the 4th quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock worth $270,933,000 after acquiring an additional 23,876 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Paycom Software by 72.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,964,610 shares of the software maker’s stock worth $240,566,000 after acquiring an additional 826,529 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Paycom Software by 1.2% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 900,333 shares of the software maker’s stock worth $170,280,000 after acquiring an additional 10,900 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Paycom Software by 47.4% in the 4th quarter. Jennison Associates LLC now owns 625,198 shares of the software maker’s stock worth $76,555,000 after acquiring an additional 201,115 shares during the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. ValuEngine raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Royal Bank of Canada upped their price objective on Paycom Software to $139.00 and gave the company a “market perform” rating in a research report on Monday, February 4th. They noted that the move was a valuation call. Jefferies Financial Group upped their price objective on Paycom Software to $180.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. KeyCorp upped their price objective on Paycom Software from $133.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, February 6th. Finally, Canaccord Genuity upped their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $185.69.



Paycom Software stock opened at $197.25 on Tuesday. The stock has a market cap of $11.83 billion, a P/E ratio of 90.48, a P/E/G ratio of 3.17 and a beta of 1.80. Paycom Software Inc has a 52 week low of $96.44 and a 52 week high of $210.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08.

Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, April 30th. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.07). The company had revenue of $199.90 million for the quarter, compared to analyst estimates of $195.53 million. Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. Research analysts anticipate that Paycom Software Inc will post 2.6 earnings per share for the current fiscal year.

In other Paycom Software news, COO Jon Evans sold 2,373 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $191.27, for a total transaction of $453,883.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Over the last ninety days, insiders have sold 41,973 shares of company stock worth $7,387,222. 16.09% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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