Lisanti Capital Growth LLC Lowers Position in Paycom Software Inc (PAYC)

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.

Several equities analysts have recently weighed in on PAYC shares. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating and set a $155.00 price target for the company in a research note on Friday, August 3rd. Barclays raised their price target on shares of Paycom Software from $131.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Guggenheim initiated coverage on shares of Paycom Software in a research note on Monday, August 20th. They set a “neutral” rating and a $140.00 price target for the company. Bank of America downgraded Paycom Software from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Canaccord Genuity downgraded Paycom Software from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a report on Monday, October 1st. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $127.65.

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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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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