Paycom Software Inc (PAYC) Position Trimmed by Bank of Montreal Can

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Bank of Montreal Can lowered its position in Paycom Software Inc (NYSE:PAYC) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,179 shares of the software maker’s stock after selling 473 shares during the period. Bank of Montreal Can’s holdings in Paycom Software were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Paycom Software during the 4th quarter valued at about $1,919,000. Diversified Trust Co purchased a new stake in shares of Paycom Software during the 4th quarter valued at about $419,000. Eastern Bank raised its position in shares of Paycom Software by 40.0% during the 4th quarter. Eastern Bank now owns 3,500 shares of the software maker’s stock valued at $429,000 after buying an additional 1,000 shares in the last quarter. Boston Advisors LLC raised its position in shares of Paycom Software by 36.2% during the 4th quarter. Boston Advisors LLC now owns 2,424 shares of the software maker’s stock valued at $297,000 after buying an additional 644 shares in the last quarter. Finally, Navellier & Associates Inc raised its position in shares of Paycom Software by 2.5% during the 4th quarter. Navellier & Associates Inc now owns 38,300 shares of the software maker’s stock valued at $4,690,000 after buying an additional 951 shares in the last quarter. 77.22% of the stock is owned by institutional investors.

Shares of NYSE:PAYC opened at $173.06 on Thursday. The stock has a market cap of $10.16 billion, a P/E ratio of 79.39, a PEG ratio of 2.68 and a beta of 1.78. Paycom Software Inc has a 12 month low of $88.22 and a 12 month high of $179.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.48 by $0.13. The company had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. Paycom Software had a net margin of 24.20% and a return on equity of 38.66%. The firm’s revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities analysts forecast that Paycom Software Inc will post 2.63 EPS for the current year.

Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Paycom Software from $134.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Bank of America upped their target price on shares of Paycom Software from $147.00 to $166.00 and gave the company a “neutral” rating in a research report on Wednesday, February 6th. Zacks Investment Research cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Credit Suisse Group upped their target price on shares of Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $148.87.

In related news, CFO Craig E. Boelte sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $128.78, for a total transaction of $1,545,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.24% of the company’s stock.

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Paycom Software Company Profile

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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