Public Employees Retirement System of Ohio Trims Stock Holdings in Paycom Software Inc (NYSE:PAYC)

Public Employees Retirement System of Ohio trimmed its holdings in Paycom Software Inc (NYSE:PAYC) by 5.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,740 shares of the software maker’s stock after selling 847 shares during the period. Public Employees Retirement System of Ohio’s holdings in Paycom Software were worth $3,569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC increased its holdings in Paycom Software by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock worth $38,000 after purchasing an additional 100 shares during the period. Riverhead Capital Management LLC purchased a new position in Paycom Software during the 2nd quarter worth $45,000. Pittenger & Anderson Inc. increased its holdings in Paycom Software by 1,125.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock worth $46,000 after purchasing an additional 225 shares during the period. Flagship Harbor Advisors LLC increased its holdings in Paycom Software by 404.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock worth $48,000 after purchasing an additional 170 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in Paycom Software during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

In other news, COO Jon Evans sold 2,100 shares of Paycom Software stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total value of $504,987.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey D. York sold 25,000 shares of Paycom Software stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 16.09% of the company’s stock.



Several research analysts have commented on PAYC shares. Credit Suisse Group raised their price objective on Paycom Software from $190.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. ValuEngine downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp raised their price objective on Paycom Software from $246.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Needham & Company LLC raised their price objective on Paycom Software from $230.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group downgraded Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 price objective on the stock. in a report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $226.79.

Shares of NYSE:PAYC traded down $2.85 on Friday, reaching $209.66. The company had a trading volume of 622,357 shares, compared to its average volume of 640,169. Paycom Software Inc has a 52-week low of $107.46 and a 52-week high of $259.71. The firm’s 50 day simple moving average is $240.28 and its 200-day simple moving average is $214.06. The firm has a market capitalization of $12.41 billion, a PE ratio of 96.17, a PEG ratio of 2.83 and a beta of 1.45. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.88 million. During the same period last year, the business posted $0.59 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. As a group, equities research analysts predict that Paycom Software Inc will post 2.74 earnings per share for the current year.

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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