Catalyst Capital Advisors LLC Sells 4,900 Shares of Paycom Software Inc (PAYC)

Catalyst Capital Advisors LLC lowered its position in shares of Paycom Software Inc (NYSE:PAYC) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,300 shares of the software maker’s stock after selling 4,900 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Paycom Software were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PAYC. PNC Financial Services Group Inc. lifted its position in Paycom Software by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares during the period. Fortaleza Asset Management Inc. purchased a new position in Paycom Software during the third quarter valued at $164,000. Aperio Group LLC purchased a new position in Paycom Software during the fourth quarter valued at $201,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Paycom Software by 49.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock valued at $220,000 after buying an additional 908 shares during the period. Finally, Concorde Asset Management LLC purchased a new position in Paycom Software during the third quarter valued at $254,000. 87.12% of the stock is owned by institutional investors and hedge funds.

In related news, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total value of $3,998,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The disclosure for this sale can be found here. Insiders sold a total of 79,750 shares of company stock valued at $6,533,308 over the last quarter. 17.90% of the stock is owned by corporate insiders.

Several equities analysts have commented on the company. Mizuho lowered their price objective on Paycom Software from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Jefferies Group raised their price objective on Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Northland Securities set a $85.00 price objective on Paycom Software and gave the company a “buy” rating in a research report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Paycom Software in a research report on Wednesday, November 1st. Finally, Bank of America raised their price objective on Paycom Software from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Paycom Software has a consensus rating of “Buy” and a consensus target price of $88.56.

Paycom Software Inc (NYSE:PAYC) opened at $92.08 on Thursday. Paycom Software Inc has a twelve month low of $51.80 and a twelve month high of $93.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5,137.40, a price-to-earnings ratio of 76.64, a PEG ratio of 2.21 and a beta of 1.70.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Paycom Software had a return on equity of 45.18% and a net margin of 15.43%. The firm had revenue of $114.00 million during the quarter, compared to the consensus estimate of $113.01 million. During the same period last year, the company earned $0.18 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. sell-side analysts anticipate that Paycom Software Inc will post 1.56 EPS for the current fiscal year.

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Paycom Software 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.

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

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