Advisory Research Inc. raised its stake in Paycom Software Inc (NYSE:PAYC) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,613 shares of the software maker’s stock after purchasing an additional 737 shares during the quarter. Advisory Research Inc.’s holdings in Paycom Software were worth $2,138,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Paycom Software by 7.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after purchasing an additional 150 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Paycom Software during the 3rd quarter valued at $164,000. Aperio Group LLC acquired a new position in shares of Paycom Software during the 4th quarter valued at $201,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Paycom Software by 49.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock valued at $220,000 after acquiring an additional 908 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Paycom Software during the 4th quarter valued at $241,000. Institutional investors own 87.12% of the company’s stock.
Several equities analysts recently weighed in on PAYC shares. Oppenheimer restated a “buy” rating and set a $88.00 target price (up previously from $75.00) on shares of Paycom Software in a report on Wednesday, November 1st. Wells Fargo & Co set a $89.00 target price on shares of Paycom Software and gave the company a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $82.00 target price on shares of Paycom Software in a report on Wednesday, November 1st. Jefferies Group lifted their target price on shares of Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Northland Securities set a $85.00 target price on shares of Paycom Software and gave the company a “buy” rating in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Paycom Software currently has an average rating of “Buy” and an average target price of $88.56.
Shares of Paycom Software Inc (NYSE PAYC) opened at $94.90 on Friday. Paycom Software Inc has a one year low of $51.80 and a one year high of $96.59. The stock has a market cap of $5,480.00, a price-to-earnings ratio of 83.25, a P/E/G ratio of 2.29 and a beta of 1.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The firm had revenue of $114.00 million for the quarter, compared to the consensus estimate of $113.01 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. analysts expect that Paycom Software Inc will post 1.56 earnings per share for the current fiscal year.
Paycom Software announced that its board has authorized a stock buyback program on Tuesday, February 13th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Paycom Software Company Profile
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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