DekaBank Deutsche Girozentrale decreased its stake in shares of Paycom Software Inc (NYSE:PAYC) by 39.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,664 shares of the software maker’s stock after selling 2,418 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Paycom Software were worth $984,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Allred Capital Management LLC purchased a new position in Paycom Software during the fourth quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in shares of Paycom Software in the third quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Paycom Software in the fourth quarter worth $38,000. Nisa Investment Advisors LLC purchased a new position in shares of Paycom Software in the fourth quarter worth $40,000. Finally, FTB Advisors Inc. raised its stake in shares of Paycom Software by 106.5% in the third quarter. FTB Advisors Inc. now owns 190 shares of the software maker’s stock worth $39,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
Shares of PAYC opened at $314.43 on Friday. 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 Inc has a one year low of $169.06 and a one year high of $342.00. The firm has a market capitalization of $18.36 billion, a P/E ratio of 101.76, a PEG ratio of 3.24 and a beta of 1.24. The business has a fifty day moving average of $295.51 and a 200 day moving average of $250.10.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.09. Paycom Software had a return on equity of 39.42% and a net margin of 24.48%. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $190.34 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Paycom Software’s revenue was up 28.7% compared to the same quarter last year. Analysts expect that Paycom Software Inc will post 3.35 EPS for the current fiscal year.
Several research analysts have recently weighed in on PAYC shares. Citigroup boosted their price target on Paycom Software from $302.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Robert W. Baird boosted their price target on Paycom Software from $245.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Jefferies Financial Group boosted their price target on Paycom Software from $233.00 to $290.00 and gave the stock a “hold” rating in a research note on Thursday, February 6th. Oppenheimer started coverage on Paycom Software in a research note on Thursday, February 6th. They issued a “buy” rating and a $325.00 price target for the company. Finally, KeyCorp boosted their price target on Paycom Software from $314.00 to $327.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $286.75.
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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