SG Americas Securities LLC lowered its place in shares of Paycom Software program, Inc. (NYSE:PAYC – Get Rating) by 41.0% within the third quarter, in keeping with its most up-to-date Kind 13F submitting with the Securities & Change Fee. The institutional investor owned 1,926 shares of the software program maker’s inventory after promoting 1,338 shares throughout the interval. SG Americas Securities LLC’s holdings in Paycom Software program had been value $636,000 as of its most up-to-date submitting with the Securities & Change Fee.
A number of different institutional traders and hedge funds additionally not too long ago added to or decreased their stakes within the inventory. Sumitomo Mitsui Belief Holdings Inc. elevated its holdings in Paycom Software program by 5.3% within the 2nd quarter. Sumitomo Mitsui Belief Holdings Inc. now owns 151,127 shares of the software program maker’s inventory valued at $42,334,000 after buying an extra 7,611 shares over the past quarter. Shell Asset Administration Co. elevated its stake in shares of Paycom Software program by 10.2% within the second quarter. Shell Asset Administration Co. now owns 3,549 shares of the software program maker’s inventory value $994,000 after buying an extra 328 shares throughout the interval. Swiss Nationwide Financial institution elevated its stake in shares of Paycom Software program by 0.5% within the second quarter. Swiss Nationwide Financial institution now owns 222,020 shares of the software program maker’s inventory value $62,192,000 after buying an extra 1,000 shares throughout the interval. Harbor Funding Advisory LLC boosted its holdings in Paycom Software program by 19.4% throughout the second quarter. Harbor Funding Advisory LLC now owns 437 shares of the software program maker’s inventory value $122,000 after shopping for an extra 71 shares within the final quarter. Lastly, Nationwide Financial institution of Canada FI boosted its holdings in Paycom Software program by 40.5% throughout the third quarter. Nationwide Financial institution of Canada FI now owns 11,399 shares of the software program maker’s inventory value $3,836,000 after shopping for an extra 3,288 shares within the final quarter. Hedge funds and different institutional traders personal 88.58% of the corporate’s inventory.
Paycom Software program Buying and selling Up 2.8 %
NYSE PAYC opened at $313.46 on Friday. Paycom Software program, Inc. has a 12 month low of $255.82 and a 12 month excessive of $402.78. The inventory has a 50-day easy transferring common of $314.60 and a 200 day easy transferring common of $330.67. The corporate has a market capitalization of $18.81 billion, a PE ratio of 72.73, a P/E/G ratio of two.07 and a beta of 1.38. The corporate has a present ratio of 1.17, a fast ratio of 1.17 and a debt-to-equity ratio of 0.03.
Paycom Software program (NYSE:PAYC – Get Rating) final launched its quarterly earnings knowledge on Tuesday, November 1st. The software program maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.11. The corporate had income of $334.17 million throughout the quarter, in comparison with analysts’ expectations of $328.09 million. Paycom Software program had a return on fairness of 24.24% and a web margin of 19.40%. Analysis analysts forecast that Paycom Software program, Inc. will publish 4.67 EPS for the present yr.
Analysts Set New Worth Targets
A lot of brokerages have weighed in on PAYC. Cowen lifted their value goal on shares of Paycom Software program from $365.00 to $381.00 in a analysis report on Wednesday, November 2nd. Barclays decreased their value goal on shares of Paycom Software program from $347.00 to $324.00 and set an “equal weight” ranking for the corporate in a analysis report on Tuesday, January tenth. StockNews.com assumed protection on shares of Paycom Software program in a report on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. Moffett Nathanson assumed protection on shares of Paycom Software program in a analysis notice on Monday, January ninth. They issued an “underperform” ranking and a $310.00 value goal on the inventory. Lastly, Credit score Suisse Group boosted their value goal on shares of Paycom Software program from $425.00 to $430.00 and gave the corporate an “outperform” ranking in a analysis notice on Wednesday, November 2nd. One equities analysis analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking and eight have issued a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a median value goal of $384.29.
Paycom Software program Profile
Paycom Software program, Inc engages within the provision of cloud-based human capital administration (HCM) software program options delivered as Software program-as-a-Service. It presents performance and knowledge analytics that companies have to handle the whole employment life cycle from recruitment to retirement. Its options embrace expertise acquisition, time and labor administration, payroll, expertise administration, and human useful resource administration.
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