SG Americas Securities LLC Boosts Stake in Paycom Software Inc (NYSE:PAYC)

SG Americas Securities LLC increased its position in Paycom Software Inc (NYSE:PAYC) by 124.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,576 shares of the software maker’s stock after buying an additional 3,093 shares during the period. SG Americas Securities LLC’s holdings in Paycom Software were worth $1,168,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. CSat Investment Advisory L.P. purchased a new stake in Paycom Software during the second quarter valued at approximately $34,000. FTB Advisors Inc. raised its position in Paycom Software by 106.5% during the third quarter. FTB Advisors Inc. now owns 190 shares of the software maker’s stock valued at $39,000 after purchasing an additional 98 shares during the period. Quest Capital Management Inc. ADV purchased a new stake in Paycom Software during the third quarter valued at approximately $43,000. Riverhead Capital Management LLC purchased a new stake in Paycom Software during the second quarter valued at approximately $45,000. Finally, Flagship Harbor Advisors LLC raised its position in Paycom Software by 404.8% during the second 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. Institutional investors own 71.78% of the company’s stock.

In related news, insider Jeffrey D. York sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.78, for a total value of $5,319,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.09% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Paycom Software to $230.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Mizuho assumed coverage on Paycom Software in a research report on Wednesday, August 21st. They set a “neutral” rating and a $240.00 price objective on the stock. Credit Suisse Group restated a “hold” rating and set a $235.00 price objective on shares of Paycom Software in a research report on Thursday, October 31st. KeyCorp decreased their price objective on Paycom Software from $275.00 to $261.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Citigroup began coverage on Paycom Software in a report on Friday, October 25th. They issued a “buy” rating and a $262.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $238.00.

Shares of NYSE PAYC opened at $235.26 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50 day moving average price is $213.50 and its 200-day moving average price is $223.00. Paycom Software Inc has a fifty-two week low of $107.46 and a fifty-two week high of $259.71. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 107.92, a PEG ratio of 3.01 and a beta of 1.37.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. Paycom Software had a return on equity of 38.52% and a net margin of 23.99%. The firm had revenue of $175.00 million for the quarter, compared to the consensus estimate of $171.46 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Sell-side analysts predict that Paycom Software Inc will post 2.81 earnings per share for the current year.

About Paycom Software

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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