Paycom Software Inc (NYSE:PAYC) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Paycom Software Inc (NYSE:PAYC) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,032 shares of the software maker’s stock after selling 5,000 shares during the period. Public Employees Retirement Association of Colorado owned about 0.15% of Paycom Software worth $17,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Paycom Software by 6.9% during the 2nd quarter. Parallel Advisors LLC now owns 755 shares of the software maker’s stock worth $171,000 after acquiring an additional 49 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in Paycom Software by 1.9% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,700 shares of the software maker’s stock worth $612,000 after buying an additional 50 shares during the last quarter. Raymond James Trust N.A. grew its stake in Paycom Software by 4.9% during the 2nd quarter. Raymond James Trust N.A. now owns 1,519 shares of the software maker’s stock worth $344,000 after buying an additional 71 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Paycom Software by 2.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,709 shares of the software maker’s stock worth $567,000 after buying an additional 73 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in Paycom Software by 33.6% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 298 shares of the software maker’s stock worth $70,000 after buying an additional 75 shares during the last quarter. 72.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PAYC stock traded up $1.43 during midday trading on Monday, hitting $219.85. The company had a trading volume of 190,365 shares, compared to its average volume of 652,410. The company’s 50 day simple moving average is $210.74 and its 200 day simple moving average is $221.59. Paycom Software Inc has a 52-week low of $107.46 and a 52-week high of $259.71. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of 100.85, a PEG ratio of 2.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.10 and a quick ratio of 1.10.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.70 earnings per share for the quarter, beating 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 company had revenue of $175.00 million for the quarter, compared to the consensus estimate of $171.46 million. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 31.3% on a year-over-year basis. Analysts anticipate that Paycom Software Inc will post 2.81 EPS for the current year.

PAYC has been the topic of a number of research reports. Mizuho initiated coverage on Paycom Software in a research note on Wednesday, August 21st. They set a “neutral” rating and a $240.00 price target on the stock. ValuEngine downgraded Paycom Software from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Northland Securities restated a “buy” rating and set a $275.00 price target on shares of Paycom Software in a research note on Tuesday, September 24th. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research note on Wednesday, August 21st. Finally, Bank of America restated a “neutral” rating and set a $250.00 price target (up previously from $215.00) on shares of Paycom Software in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Paycom Software currently has a consensus rating of “Hold” and an average target price of $238.00.

In other Paycom Software news, insider Jeffrey D. York sold 25,000 shares of Paycom Software 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.09% of the company’s stock.

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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