ProShare Advisors LLC reduced its position in Paycom Software, Inc. (NYSE: PAYC – Get Rating) by 8.4% during the third quarter, according to its latest 13F filing with the SEC. The company owned his 10,271 shares of the software maker’s stock after selling his 942 shares during the period. ProShare Advisors LLC’s stake in Paycom Software was valued at $3,389,000 as of the latest SEC filing.
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Many other hedge funds and other institutional investors have also increased or decreased their stakes in PAYC. Sumitomo Mitsui Trust Holdings increased its Paycom Software holding by 5.3% in the second quarter. Sumitomo Mitsui Trust Holdings said he owns 151,127 shares of the software maker worth $42,334,000 after he bought an additional 7,611 shares last quarter. Shell Asset Management Co. increased its Paycom Software holdings by 10.2% in the second quarter. He owns 3,549 shares of the software maker worth $994,000 after Shell Asset Management Co. purchased an additional 328 shares of him last quarter. Swiss National Bank increased its holding of Paycom Software by 0.5% in the second quarter. The Swiss National Bank now owns 222,020 shares in the software maker worth $62,192,000 after purchasing an additional 1,000 shares last quarter. National Bank of Canada FI increased its Paycom software holdings by 40.5% in the third quarter. National Bank of Canada FI now owns 11,399 shares in the software maker worth $3,836,000 after purchasing an additional 3,288 shares last quarter. Finally, Vestmark Advisory Solutions Inc. increased its Paycom Software holding by 31.9% in the third quarter. Vestmark Advisory Solutions Inc. now owns 8,772 shares of the software maker worth $2,894,000 after purchasing an additional 2,120 shares last quarter. Currently 88.58% of the shares are owned by institutional investors.
Paycom Software shares drop 2.0%
PAYC shares opened at $315.76 on Tuesday. The company has a market capitalization of $18.95 billion, a P/E ratio of 73.26, a P/E/G ratio of 2.19 and a beta of 1.38. His 50-day simple moving average for this stock is $313.63 and its 200-day simple moving average is $331.25. The company has a debt to equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Paycom Software, Inc. has a one-year low of $255.82 and a one-year high of $402.78.
Paycom Software (NYSE:PAYC – Get Rating) announced final results on Tuesday, November 1. The software maker posted his earnings per share (EPS) of $0.92 for the quarter, beating consensus expectations of $0.81 by $0.11. Paycom Software’s return on equity was 24.24% and net profit margin was 19.40%. The business generated $334.17 million in revenue for the quarter, compared with analyst estimates of $328.09 million. On average, analysts expect Paycom Software, Inc. to post his earnings per share of 4.67 for the current financial year.
Analyst Rating Change
Many research analysts have their eyes on the PAYC stock. Barclays lowered Paycom Software’s price target from $347.00 to $324.00 in its report on Tuesday, January 10, giving the company an “equal weight” rating. Cowen raised Paycom Software’s price target from his $365.00 to $381.00 in a report on Wednesday, November 2nd. Wolfe Research has raised Paycom Software’s price target from $400.00 to $410.00, giving it an “Outperform” rating in its Wednesday, November 2nd report. StockNews.com began covering his Paycom software with a report on Wednesday, October 12th. They set a “pending” rating on the company. Finally, Cowen raised Paycom Software’s price target from his $365.00 to $381.00 in his Wednesday, November 2nd report. One equity research analyst gave a sell rating, five issued a hold rating, and nine gave a buy rating to the company’s stock. According to MarketBeat.com data, Paycom Software’s current consensus rating is “moderate buy” with a consensus price target of $382.82.
Paycom Software Company Profile
Paycom Software, Inc is committed to providing cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It provides the functionality and data analytics companies need to manage the complete employment lifecycle from recruitment to retirement. Its solutions include Talent Acquisition, Time and Labor Management, Payroll, Talent Management and Human Resource Management.
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