SG Americas Securities LLC Acquires New Stake in Paycom Software, Inc. (PAYC)

SG Americas Securities LLC acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,801 shares of the software maker’s stock, valued at approximately $285,000.

Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Paycom Software by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after acquiring an additional 167 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after acquiring an additional 150 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in shares of Paycom Software in the third quarter valued at $164,000. Raymond James Trust N.A. purchased a new stake in shares of Paycom Software in the second quarter valued at $203,000. Finally, Fiduciary Trust Co. purchased a new stake in shares of Paycom Software in the second quarter valued at $215,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Paycom Software, Inc. (PAYC) opened at $82.77 on Tuesday. The company has a market cap of $4,739.19, a PE ratio of 76.02, a P/E/G ratio of 3.50 and a beta of 1.68. Paycom Software, Inc. has a 12 month low of $42.52 and a 12 month high of $86.10. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. analysts forecast that Paycom Software, Inc. will post 0.82 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on PAYC shares. Dougherty & Co started coverage on shares of Paycom Software in a research note on Tuesday, October 31st. They issued a “buy” rating and a $100.00 target price on the stock. Robert W. Baird reissued a “buy” rating and issued a $78.00 target price on shares of Paycom Software in a research note on Tuesday, September 12th. Jefferies Group increased their target price on shares of Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Northland Securities set a $85.00 target price on shares of Paycom Software and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company set a $89.00 target price on shares of Paycom Software and gave the company a “buy” rating in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.44.

In related news, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

WARNING: “SG Americas Securities LLC Acquires New Stake in Paycom Software, Inc. (PAYC)” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/12/19/sg-americas-securities-llc-acquires-new-stake-in-paycom-software-inc-payc.html.

Paycom Software Company Profile

Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.

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

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply