VestGen Advisors LLC Buys New Position in Paycom Software, Inc. $PAYC

VestGen Advisors LLC acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,991 shares of the software maker’s stock, valued at approximately $433,000.

Other institutional investors have also modified their holdings of the company. Fluent Financial LLC acquired a new stake in shares of Paycom Software in the second quarter valued at about $2,439,000. Principal Financial Group Inc. boosted its position in Paycom Software by 290.5% during the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after acquiring an additional 181,346 shares during the last quarter. Greenwich Wealth Management LLC acquired a new position in Paycom Software during the second quarter worth about $5,118,000. Corient Private Wealth LP acquired a new position in Paycom Software during the second quarter worth about $10,803,000. Finally, Janus Henderson Group PLC grew its stake in Paycom Software by 467.2% during the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock valued at $2,819,000 after acquiring an additional 19,110 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC opened at $265.66 on Tuesday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $275.22. The stock has a market cap of $11.97 billion, a PE ratio of 30.31, a P/E/G ratio of 1.41 and a beta of 0.82. The firm has a 50-day simple moving average of $236.55 and a two-hundred day simple moving average of $164.66. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, analysts forecast that Paycom Software, Inc. will post 10.80 EPS for the current year.

Insider Transactions at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider owned 69,911 shares in the company, valued at approximately $16,783,533.77. This represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 13.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. KeyCorp boosted their target price on Paycom Software from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Barclays upped their price target on Paycom Software from $210.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. increased their price target on Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. BMO Capital Markets lifted their price objective on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Finally, Bank of America began coverage on Paycom Software in a research note on Tuesday, September 29th. They set an “underperform” rating and a $200.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $256.21.

Paycom Software Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.