Teachers Advisors LLC grew its holdings in Paycom (NYSE:PAYC) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,842 shares of the software maker’s stock after purchasing an additional 1,533 shares during the quarter. Teachers Advisors LLC’s holdings in Paycom were worth $7,217,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of Paycom by 42.3% in the fourth quarter. Deutsche Bank AG now owns 119,350 shares of the software maker’s stock valued at $9,585,000 after purchasing an additional 35,480 shares during the period. Caxton Associates LP purchased a new position in shares of Paycom in the fourth quarter valued at approximately $607,000. Sapphire Star Partners LP boosted its stake in shares of Paycom by 123.2% in the fourth quarter. Sapphire Star Partners LP now owns 17,829 shares of the software maker’s stock valued at $1,432,000 after purchasing an additional 9,840 shares during the period. Fred Alger Management Inc. boosted its stake in shares of Paycom by 7.5% in the fourth quarter. Fred Alger Management Inc. now owns 257,195 shares of the software maker’s stock valued at $20,660,000 after purchasing an additional 17,964 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Paycom in the fourth quarter valued at approximately $1,823,000. 87.64% of the stock is owned by institutional investors and hedge funds.
PAYC has been the subject of several recent research reports. Zacks Investment Research raised shares of Paycom from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research note on Friday, February 9th. Northland Securities set a $101.00 price target on shares of Paycom and gave the stock a “buy” rating in a research note on Thursday, January 11th. KeyCorp reiterated a “buy” rating and issued a $105.00 price target on shares of Paycom in a research note on Monday, February 12th. Credit Suisse Group lifted their price target on shares of Paycom from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Bank of America lifted their price target on shares of Paycom from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $93.82.
PAYC stock opened at $107.18 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. Paycom has a twelve month low of $57.24 and a twelve month high of $115.48. The company has a market cap of $6,384.04, a price-to-earnings ratio of 121.80, a P/E/G ratio of 2.35 and a beta of 1.47.
Paycom (NYSE:PAYC) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Paycom had a net margin of 15.43% and a return on equity of 46.27%. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. analysts predict that Paycom will post 1.86 earnings per share for the current year.
Paycom declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 13th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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