Brinker Capital Inc. Has $2.38 Million Holdings in Paycom Software Inc (PAYC)

Brinker Capital Inc. cut its position in shares of Paycom Software Inc (NYSE:PAYC) by 2.0% during the first quarter, HoldingsChannel.com reports. The firm owned 12,558 shares of the software maker’s stock after selling 262 shares during the quarter. Brinker Capital Inc.’s holdings in Paycom Software were worth $2,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Advisor Group Inc. raised its stake in shares of Paycom Software by 6.1% in the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the software maker’s stock valued at $1,267,000 after acquiring an additional 593 shares during the period. Karp Capital Management Corp raised its stake in shares of Paycom Software by 2.5% in the 4th quarter. Karp Capital Management Corp now owns 7,855 shares of the software maker’s stock valued at $962,000 after acquiring an additional 195 shares during the period. Jennison Associates LLC raised its stake in shares of Paycom Software by 47.4% in the 4th quarter. Jennison Associates LLC now owns 625,198 shares of the software maker’s stock valued at $76,555,000 after acquiring an additional 201,115 shares during the period. Teachers Advisors LLC raised its stake in shares of Paycom Software by 26.6% in the 3rd quarter. Teachers Advisors LLC now owns 77,877 shares of the software maker’s stock valued at $12,103,000 after acquiring an additional 16,355 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Paycom Software by 1.1% in the 4th quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock valued at $270,933,000 after acquiring an additional 23,876 shares during the period. 78.40% of the stock is currently owned by institutional investors.

Shares of PAYC opened at $196.54 on Friday. Paycom Software Inc has a fifty-two week low of $96.44 and a fifty-two week high of $197.33. The company has a market cap of $11.26 billion, a P/E ratio of 90.16, a price-to-earnings-growth ratio of 2.96 and a beta of 1.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.13. Paycom Software had a net margin of 24.20% and a return on equity of 38.83%. The firm had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. On average, research analysts forecast that Paycom Software Inc will post 2.63 earnings per share for the current fiscal year.

In other Paycom Software news, insider Jeffrey D. York sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $173.96, for a total transaction of $4,349,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jon Evans sold 2,373 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $191.27, for a total transaction of $453,883.71. The disclosure for this sale can be found here. Insiders have sold a total of 41,973 shares of company stock valued at $7,387,222 in the last quarter. 16.09% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on PAYC. KeyCorp upped their target price on shares of Paycom Software from $133.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 6th. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Thursday, April 18th. Jefferies Financial Group upped their target price on shares of Paycom Software to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Robert W. Baird upped their target price on shares of Paycom Software from $134.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Canaccord Genuity upped their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $157.00.

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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.

See Also: Initial Public Offering (IPO)

Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software Inc (NYSE:PAYC).

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

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