Catalyst Capital Advisors LLC Sells 1,390 Shares of Paycom Software Inc (PAYC)

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Catalyst Capital Advisors LLC reduced its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 37.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the software maker’s stock after selling 1,390 shares during the period. Catalyst Capital Advisors LLC’s holdings in Paycom Software were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank grew its position in Paycom Software by 2.6% during the first quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock valued at $414,000 after acquiring an additional 56 shares during the last quarter. WINTON GROUP Ltd grew its position in Paycom Software by 2.1% during the fourth quarter. WINTON GROUP Ltd now owns 3,854 shares of the software maker’s stock valued at $472,000 after acquiring an additional 80 shares during the last quarter. Advisory Services Network LLC grew its position in Paycom Software by 10.4% during the fourth quarter. Advisory Services Network LLC now owns 905 shares of the software maker’s stock valued at $111,000 after acquiring an additional 85 shares during the last quarter. Global Retirement Partners LLC grew its position in Paycom Software by 100.0% during the first quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. Finally, Cim LLC grew its position in Paycom Software by 1.7% during the fourth quarter. Cim LLC now owns 9,580 shares of the software maker’s stock valued at $1,173,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

In related news, insider Bradley Scott Smith sold 2,600 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $181.53, for a total value of $471,978.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 12,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $176.03, for a total value of $2,112,360.00. The disclosure for this sale can be found here. Insiders sold 44,020 shares of company stock worth $8,557,486 in the last 90 days. Company insiders own 16.09% of the company’s stock.

A number of brokerages have commented on PAYC. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Thursday, April 18th. Barclays increased their price target on shares of Paycom Software from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. KeyCorp increased their price target on shares of Paycom Software from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target (up from $200.00) on shares of Paycom Software in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Jefferies Financial Group increased their price target on shares of Paycom Software from $210.00 to $233.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Paycom Software presently has an average rating of “Hold” and a consensus price target of $185.69.

Shares of Paycom Software stock opened at $208.23 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. Paycom Software Inc has a 52-week low of $96.44 and a 52-week high of $215.65. The company has a market capitalization of $12.18 billion, a PE ratio of 95.52, a PEG ratio of 3.26 and a beta of 1.80.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, April 30th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.07). Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $195.53 million. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, analysts predict that Paycom Software Inc will post 2.6 EPS for the current year.

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Paycom Software 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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