Paycom Software Inc (NYSE:PAYC) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,060 shares of the software maker’s stock after acquiring an additional 820 shares during the quarter. Prudential Financial Inc.’s holdings in Paycom Software were worth $5,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYC. Geode Capital Management LLC boosted its position in Paycom Software by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 505,767 shares of the software maker’s stock worth $61,930,000 after acquiring an additional 24,903 shares during the last quarter. HL Financial Services LLC acquired a new position in Paycom Software during the first quarter worth about $210,000. Comerica Bank boosted its position in Paycom Software by 2.6% during the first quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock worth $414,000 after acquiring an additional 56 shares during the last quarter. Victory Capital Management Inc. boosted its position in Paycom Software by 32.1% during the first quarter. Victory Capital Management Inc. now owns 197,635 shares of the software maker’s stock worth $37,379,000 after acquiring an additional 48,004 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Paycom Software during the first quarter worth about $263,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

NYSE:PAYC traded up $0.81 on Friday, hitting $213.32. The stock had a trading volume of 7,815 shares, compared to its average volume of 590,543. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 96.68, a PEG ratio of 2.81 and a beta of 1.45. The company has a fifty day moving average price of $240.74 and a two-hundred day moving average price of $213.92. Paycom Software Inc has a 1-year low of $107.46 and a 1-year high of $259.71.



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

In other news, insider Jeffrey D. York sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $232.84, for a total value of $5,821,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jon Evans sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total transaction of $504,987.00. The disclosure for this sale can be found here. Corporate insiders own 16.09% of the company’s stock.

PAYC has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research report on Wednesday, August 21st. Credit Suisse Group boosted their price target on shares of Paycom Software from $190.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. KeyCorp boosted their price target on shares of Paycom Software from $246.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer boosted their price target on shares of Paycom Software from $220.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, ValuEngine lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $226.79.

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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