Wealth Enhancement Advisory Services LLC Invests $1.13 Million in Paycom Software Inc (NYSE:PAYC)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paycom Software Inc (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,917 shares of the software maker’s stock, valued at approximately $1,129,000.

Several other hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC lifted its holdings in Paycom Software by 1.9% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,700 shares of the software maker’s stock worth $612,000 after purchasing an additional 50 shares in the last quarter. Comerica Bank lifted its holdings in Paycom Software by 2.6% during the 1st quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock worth $414,000 after purchasing an additional 56 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Paycom Software by 4.9% during the 2nd quarter. Raymond James Trust N.A. now owns 1,519 shares of the software maker’s stock worth $344,000 after purchasing an additional 71 shares in the last quarter. Intrust Bank NA lifted its holdings in Paycom Software by 1.3% during the 1st quarter. Intrust Bank NA now owns 5,642 shares of the software maker’s stock worth $1,067,000 after purchasing an additional 74 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Paycom Software by 13.9% during the 1st quarter. Signaturefd LLC now owns 754 shares of the software maker’s stock worth $143,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 75.17% of the company’s stock.

Shares of NYSE:PAYC traded up $6.05 on Friday, hitting $241.19. The company’s stock had a trading volume of 10,729 shares, compared to its average volume of 649,356. The company has a 50-day simple moving average of $235.90 and a 200 day simple moving average of $204.52. Paycom Software Inc has a 1 year low of $107.46 and a 1 year high of $246.85. The company has a market capitalization of $14.23 billion, a PE ratio of 110.53, a PEG ratio of 3.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. Paycom Software had a return on equity of 38.25% and a net margin of 23.93%. The firm had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $163.88 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts expect that Paycom Software Inc will post 2.74 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. Oppenheimer increased their price objective on Paycom Software from $220.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays increased their price objective on Paycom Software from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. ValuEngine cut Paycom Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group cut Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 price objective on the stock. in a report on Friday, July 19th. Finally, Bank of America reissued a “neutral” rating and set a $250.00 price objective (up previously from $215.00) on shares of Paycom Software in a report on Wednesday, July 31st. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Paycom Software presently has an average rating of “Hold” and an average price target of $216.29.

In other news, insider Bradley Scott Smith sold 2,600 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $200.95, for a total transaction of $522,470.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jon Evans sold 2,100 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $240.47, for a total value of $504,987.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,700 shares of company stock worth $6,848,457. Insiders own 16.09% of the company’s stock.

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

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