HCR Wealth Advisors Takes Position in Paycom Software Inc (NYSE:PAYC)

HCR Wealth Advisors purchased a new stake in shares of Paycom Software Inc (NYSE:PAYC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 634 shares of the software maker’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of PAYC. 1776 Wealth LLC boosted its holdings in Paycom Software by 265.7% in the first quarter. 1776 Wealth LLC now owns 128 shares of the software maker’s stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Paycom Software by 588.9% in the first quarter. Rockefeller Capital Management L.P. now owns 124 shares of the software maker’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. Trustcore Financial Services LLC purchased a new stake in Paycom Software in the first quarter worth approximately $34,000. Cognios Capital LLC purchased a new stake in Paycom Software in the first quarter worth approximately $36,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Paycom Software by 101.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 121 shares of the software maker’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Shares of PAYC stock traded down $2.16 on Friday, hitting $284.37. 562,851 shares of the stock traded hands, compared to its average volume of 400,520. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 84.63, a PEG ratio of 4.33 and a beta of 1.55. Paycom Software Inc has a 52 week low of $163.42 and a 52 week high of $342.00. The firm has a 50 day simple moving average of $305.20 and a two-hundred day simple moving average of $274.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10.

Several brokerages recently issued reports on PAYC. Jefferies Financial Group dropped their target price on shares of Paycom Software from $225.00 to $215.00 and set a “hold” rating on the stock in a report on Wednesday, April 29th. Oppenheimer lifted their price target on shares of Paycom Software from $255.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. They noted that the move was a valuation call. Credit Suisse Group lifted their price target on shares of Paycom Software from $185.00 to $205.00 and gave the stock an “underperform” rating in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of Paycom Software from $187.00 to $175.00 and set a “hold” rating on the stock in a research note on Wednesday, April 29th. Finally, Mizuho dropped their price target on shares of Paycom Software to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $259.81.

In other Paycom Software news, insider Bradley Scott Smith sold 10,000 shares of Paycom Software stock in a transaction on Monday, June 1st. The shares were sold at an average price of $304.27, for a total value of $3,042,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig E. Boelte sold 8,000 shares of Paycom Software stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $293.26, for a total transaction of $2,346,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 447,942 shares of company stock worth $120,871,330. 16.10% of the stock is currently owned by insiders.

About Paycom Software

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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