Profund Advisors LLC purchased a new stake in Paycom Software Inc (NYSE: PAYC) in the last quarter, according to its most recent filing with the SEC. The company purchased 1,106 shares from the software manufacturer, valued at approximately $343,000.
Several other primary investors have also recently replaced their positions in the company. Security Asset Management increased its stake in Paycom Software shares by 65.4% this quarter. Security Asset Management now holds 7,840 software manufacturer shares valued at $2,428,000 after earning another 3,100 shares during the period. Sfmg LLC acquired a new equity position at Paycom Software at the time of the quarter valued at $403,000. Comerica Bank increased its stake in Paycom Software shares by 0.4% this quarter. Comerica Bank now holds 15,312 software manufacturer shares valued at $4,564,000 after earning 57 more shares over the period. Prudential PLC acquired a new position at Paycom Software at the time of the quarter valued at $248,000. Finally, Fox Run Management L.L.C. purchased a new position at Paycom Software at the time of the quarter valued at $287,000. Institutional investors and the hedging budget own 75.20% of the company’s shares.
Several research analysts have recently evaluated PAYC’s actions. Jefferies Financial Group raised its value target on Paycom Software from $215.00 to $280.00 and gave the inventory a “retention” score on a study note on Wednesday, August 5. TheStreet lowered Paycom software from a “b” to a “c” in a Study Note on Tuesday, August 4. Needham-Company LLC increased its value target on Paycom Software from $265.00 to $316.00 and gave the inventory a “buy” score on a study note on Wednesday, August 5. Cantor Fitzgerald reduced its value target on Paycom Software from $314.00 to $245.00 and set a “neutral” score on the inventory on a study note on Wednesday, April 29. Finally, Zacks Investment Research reduced Paycom Software’s score from a “hold” score to a “sell” score and set a target value of $254.00 consistent with the stock. in a study note on Monday, May 4. Three study analysts rated the inventory with a sales note, seven gave a retention score, and seven assigned a buy and receive score to the company. Lately, the company has an average “Keep” score and an average target value of $270.94.
Informant Bradley Scott Smith sold 10,000 inventories of the company’s inventories in a transaction dated Monday, June 1. The inventory was sold at an average value of $304.27, for a total cost of $3,042,700.00. The sale was disclosed in a legal file with the Securities and Exchange Commission, which can be obtained on the SEC’s website. In addition, CEO Chad R. Richison sold 420,865 company inventories in a transaction dated Tuesday, May 19. The inventory was sold at an average value of $268.00 for a total cost of $112,791,820.00. Disclosure of this sale can be found here. Over the more than 3 months, the starters have sold 446,542 company inventories at a cost of $120,508,772. The initiates own 16.10% of the company’s inventories.
PAYC inventories opened at $285.49 on Thursday. The inventory has a market capitalization of $16.99 billion, a P/E ratio of 94.53, a P/E/G ratio of 5.12 and a beta of 1.48. The inventory has a 50-day moving average of $301.70 and a two-hundred-day moving average of $274.31. The Company has a debt ratio of 0.05, a ratio of 1.11 and an existing ratio of 1.11. Paycom Software Inc has a one-year minimum of $163.42 and a maximum of $342.00 for one year.
Paycom Software (NYSE: PAYC) last published its quarterly earnings knowledge on Tuesday, August 4. The software manufacturer reported consistent gains with a consistent percentage (EPS) of $0.62 for the quarter, which is in line with Thomson Reuters’ consensus estimate of $0.62. The company reported a profit of $181.59 million in the quarter, and analysts expect $183.60 million. Paycom Software achieved a 30.80% equity rollback and a net margin of 22.23%. The company’s profit for the quarter increased by 7.2% year-on-year. In the same quarter last year, the company registered a BPA of $0.75. Analysts expect Paycom Software Inc. to release 2.32 EPS for the existing fiscal year.
Paycom profile
Paycom Software, Inc. offers a cloud-based human capital control (HCM) software service for small and medium-sized enterprises in the United States. It provides the functions and knowledge analysis companies want to manage the employment lifecycle, from hiring to retirement. The company’s HCM solution provides a set of programs in the skills acquisition spaces, adding candidate tracking services, candidate tracking, background check, integration, electronic verification and tax credits; and time and labor control, such as time and attendance, schedule planning/exchange, license requests, assignment, control reports/push reports and geographic location/geolocation.
Recommended story: What is liquidity?
Want to see which coverage budget PAYC has? Visit HoldingsChannel.com for the latest 13F deposits and insider information usage from Paycom Software Inc (NYSE: PAYC).
ProShare Advisors LLC reduces your stake in Conagra Brands Inc (NYSE: CAG)
Profund Advisors LLC buys 243 shares of Eastgroup Properties Inc (NYSE: EGP)