Burleson & Company LLC Makes New $56,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Burleson & Company LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 1st quarter, Holdings Channel.com reports. The fund purchased 150 shares of the software maker’s stock, valued at approximately $56,000.

A number of other hedge funds have also made changes to their positions in PAYC. Meeder Asset Management Inc. grew its stake in Paycom Software by 21.8% during the first quarter. Meeder Asset Management Inc. now owns 162 shares of the software maker’s stock worth $60,000 after buying an additional 29 shares during the period. Bell Bank boosted its position in Paycom Software by 0.7% during the 4th quarter. Bell Bank now owns 4,206 shares of the software maker’s stock worth $1,902,000 after purchasing an additional 30 shares during the period. Contravisory Investment Management Inc. increased its holdings in Paycom Software by 2.7% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,148 shares of the software maker’s stock valued at $425,000 after purchasing an additional 30 shares in the last quarter. Clear Investment Research LLC raised its position in Paycom Software by 44.1% in the first quarter. Clear Investment Research LLC now owns 98 shares of the software maker’s stock valued at $36,000 after purchasing an additional 30 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Paycom Software by 7.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 503 shares of the software maker’s stock worth $227,000 after buying an additional 35 shares during the period. 72.16% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PAYC opened at $335.41 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software, Inc. has a one year low of $257.87 and a one year high of $471.08. The firm has a 50-day simple moving average of $353.71. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of 134.70, a PEG ratio of 4.66 and a beta of 1.39.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, May 4th. The software maker reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.37. The firm had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $271.47 million. Paycom Software had a net margin of 16.65% and a return on equity of 20.54%. Paycom Software’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. Equities research analysts expect that Paycom Software, Inc. will post 2.89 earnings per share for the current year.

Paycom Software announced that its Board of Directors has authorized a share repurchase program on Thursday, May 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Paycom Software from a “sell” rating to a “hold” rating and set a $384.00 price target for the company in a report on Friday, March 19th. Royal Bank of Canada boosted their price objective on shares of Paycom Software from $430.00 to $470.00 and gave the stock an “outperform” rating in a report on Wednesday, May 5th. Credit Suisse Group raised their target price on Paycom Software from $415.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, February 11th. Jefferies Financial Group raised Paycom Software from a “hold” rating to a “buy” rating and set a $470.00 price target for the company in a report on Friday, March 5th. Finally, Mizuho dropped their price objective on Paycom Software from $400.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, May 5th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $422.76.

In other Paycom Software news, CFO Craig E. Boelte sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $396.97, for a total value of $7,939,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.90% of the stock is owned by corporate insiders.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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

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