Pembroke Management LTD Reduces Holdings in Paycom Software Inc (NYSE:PAYC)

Pembroke Management LTD reduced its holdings in shares of Paycom Software Inc (NYSE:PAYC) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,004 shares of the software maker’s stock after selling 4,267 shares during the quarter. Paycom Software makes up 2.2% of Pembroke Management LTD’s investment portfolio, making the stock its 19th largest position. Pembroke Management LTD owned approximately 0.16% of Paycom Software worth $20,859,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Daiwa Securities Group Inc. purchased a new position in Paycom Software during the 2nd quarter valued at about $429,000. Moody Lynn & Lieberson LLC raised its position in Paycom Software by 5.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 73,035 shares of the software maker’s stock worth $16,558,000 after acquiring an additional 3,548 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Paycom Software by 216.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 9,581 shares of the software maker’s stock worth $2,172,000 after acquiring an additional 6,556 shares in the last quarter. State of Alaska Department of Revenue raised its position in Paycom Software by 49.2% in the second quarter. State of Alaska Department of Revenue now owns 8,383 shares of the software maker’s stock worth $1,899,000 after acquiring an additional 2,765 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in Paycom Software in the second quarter worth about $213,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Several brokerages have commented on PAYC. Needham & Company LLC boosted their price target on shares of Paycom Software from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald initiated coverage on Paycom Software in a research note on Tuesday, June 18th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 price objective for the company. in a research note on Friday, July 19th. Bank of America reiterated a “neutral” rating and set a $250.00 price objective (up from $215.00) on shares of Paycom Software in a research note on Wednesday. Finally, Barclays increased their price objective on Paycom Software from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $216.29.

Paycom Software stock traded down $1.36 during mid-day trading on Friday, hitting $236.52. 507,157 shares of the company were exchanged, compared to its average volume of 577,922. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average of $232.38. Paycom Software Inc has a 1-year low of $107.46 and a 1-year high of $246.85. The company has a market capitalization of $14.09 billion, a P/E ratio of 108.50, a PEG ratio of 3.44 and a beta of 1.59.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The firm had revenue of $169.30 million during the quarter, compared to analyst estimates of $163.88 million. Paycom Software had a return on equity of 40.09% and a net margin of 23.93%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. Research analysts anticipate that Paycom Software Inc will post 2.6 earnings per share for the current year.

In other news, COO Jon Evans sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total transaction of $504,987.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradley Scott Smith sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $200.95, for a total value of $522,470.00. The disclosure for this sale can be found here. Insiders sold 31,747 shares of company stock worth $6,546,721 in the last three months. Insiders own 16.09% of the company’s stock.

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.

Featured Article: Portfolio Manager

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)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.