Lisanti Capital Growth LLC trimmed its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 16.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,465 shares of the software maker’s stock after selling 1,450 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Paycom Software were worth $1,160,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Keybank National Association OH grew its stake in shares of Paycom Software by 10.8% during the 2nd quarter. Keybank National Association OH now owns 4,262 shares of the software maker’s stock worth $421,000 after acquiring an additional 414 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Paycom Software by 3.3% during the 3rd quarter. Bank of Montreal Can now owns 13,652 shares of the software maker’s stock worth $2,122,000 after acquiring an additional 442 shares in the last quarter. Creative Planning grew its stake in shares of Paycom Software by 5.8% during the 3rd quarter. Creative Planning now owns 8,445 shares of the software maker’s stock worth $1,312,000 after acquiring an additional 461 shares in the last quarter. Concorde Asset Management LLC grew its stake in shares of Paycom Software by 22.4% during the 2nd quarter. Concorde Asset Management LLC now owns 2,557 shares of the software maker’s stock worth $253,000 after acquiring an additional 468 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Paycom Software by 1.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,740 shares of the software maker’s stock worth $6,177,000 after acquiring an additional 468 shares in the last quarter. 82.61% of the stock is owned by institutional investors and hedge funds.
In other Paycom Software news, insider Bradley Scott Smith sold 5,200 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $154.73, for a total transaction of $804,596.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Levenson sold 4,500 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $139.53, for a total value of $627,885.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,200 shares of company stock valued at $11,855,816 in the last ninety days. Insiders own 16.24% of the company’s stock.
NYSE PAYC opened at $126.97 on Friday. The company has a market capitalization of $7.52 billion, a PE ratio of 66.44, a P/E/G ratio of 2.33 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software Inc has a 12 month low of $75.39 and a 12 month high of $164.08.
Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $133.29 million during the quarter, compared to the consensus estimate of $130.52 million. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, sell-side analysts forecast that Paycom Software Inc will post 2.15 earnings per share for the current year.
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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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