Parametric Portfolio Associates LLC Decreases Stock Holdings in Paycom Software Inc (NYSE:PAYC)

Parametric Portfolio Associates LLC decreased its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,856 shares of the software maker’s stock after selling 10,891 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.16% of Paycom Software worth $21,279,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PAYC. Riverhead Capital Management LLC acquired a new stake in Paycom Software in the 2nd quarter worth about $45,000. Pittenger & Anderson Inc. boosted its position in Paycom Software by 1,125.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock valued at $46,000 after purchasing an additional 225 shares during the period. Flagship Harbor Advisors LLC boosted its position in Paycom Software by 404.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after purchasing an additional 170 shares during the period. Icon Wealth Partners LLC acquired a new position in Paycom Software during the 1st quarter valued at approximately $53,000. Finally, Ruggie Capital Group acquired a new position in Paycom Software during the 2nd quarter valued at approximately $58,000. 72.74% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the company. Mizuho assumed coverage on Paycom Software in a research report on Wednesday, August 21st. They set a “neutral” rating and a $240.00 target price on the stock. ValuEngine lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Credit Suisse Group upped their target price on shares of 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. KeyCorp increased their price objective on shares of Paycom Software from $246.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $259.00 target price for the company in a research report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $226.79.



In related news, insider Jeffrey D. York sold 25,000 shares of the business’s stock in a transaction dated 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 can be accessed through the SEC website. Also, COO Jon Evans sold 2,100 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were 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. Insiders own 16.09% of the company’s stock.

Shares of NYSE:PAYC traded up $2.90 during trading on Thursday, hitting $218.97. 22,031 shares of the stock traded hands, compared to its average volume of 655,012. 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 company has a market cap of $12.88 billion, a price-to-earnings ratio of 100.51, a P/E/G ratio of 2.81 and a beta of 1.45. The company has a fifty day moving average price of $238.06 and a two-hundred day moving average price of $214.80. Paycom Software Inc has a 52-week low of $107.46 and a 52-week high of $259.71.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. Paycom Software had a net margin of 23.93% and a return on equity of 38.25%. The company had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $163.88 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts predict that Paycom Software Inc will post 2.74 EPS for the current fiscal year.

Paycom Software Company 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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