Vontobel Holding Ltd. Sells 4,033 Shares of Paycom Software, Inc. (NYSE:PAYC)

Vontobel Holding Ltd. trimmed its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 68.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,844 shares of the software maker’s stock after selling 4,033 shares during the quarter. Vontobel Holding Ltd.’s holdings in Paycom Software were worth $682,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Atria Investments LLC raised its holdings in shares of Paycom Software by 4.2% during the 1st quarter. Atria Investments LLC now owns 8,173 shares of the software maker’s stock worth $3,025,000 after buying an additional 332 shares in the last quarter. Jennison Associates LLC increased its holdings in Paycom Software by 3.5% in the 1st quarter. Jennison Associates LLC now owns 94,144 shares of the software maker’s stock worth $34,839,000 after purchasing an additional 3,197 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Paycom Software by 4.3% in the 1st quarter. Lord Abbett & CO. LLC now owns 249,542 shares of the software maker’s stock worth $92,346,000 after purchasing an additional 10,362 shares in the last quarter. Davidson Capital Management Inc. increased its holdings in Paycom Software by 19.8% in the 1st quarter. Davidson Capital Management Inc. now owns 2,865 shares of the software maker’s stock worth $1,060,000 after purchasing an additional 473 shares in the last quarter. Finally, Trillium Asset Management LLC increased its holdings in Paycom Software by 472.6% in the 1st quarter. Trillium Asset Management LLC now owns 21,994 shares of the software maker’s stock worth $8,139,000 after purchasing an additional 18,153 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Shares of Paycom Software stock opened at $335.41 on Friday. The stock has a market capitalization of $20.19 billion, a P/E ratio of 134.70, a PEG ratio of 4.66 and a beta of 1.39. Paycom Software, Inc. has a 52 week low of $257.87 and a 52 week high of $471.08. The business has a 50 day moving average of $353.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.04.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, May 4th. The software maker reported $1.47 EPS for the quarter, topping the consensus estimate of $1.10 by $0.37. The firm had revenue of $272.20 million during the quarter, compared to the consensus estimate of $271.47 million. Paycom Software had a return on equity of 20.54% and a net margin of 16.65%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 earnings per share. Equities analysts expect that Paycom Software, Inc. will post 2.89 EPS for the current fiscal year.

Paycom Software announced that its Board of Directors has approved a share buyback plan on Thursday, May 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the software maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

PAYC has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Paycom Software in a research report on Wednesday, April 28th. They issued an “outperform” rating and a $450.00 price target on the stock. Jefferies Financial Group upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $470.00 price target on the stock in a research report on Friday, March 5th. Zacks Investment Research upgraded Paycom Software from a “sell” rating to a “hold” rating and set a $384.00 price target on the stock in a research report on Friday, March 19th. Barclays cut their target price on Paycom Software from $468.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 15th. Finally, Mizuho cut their target price on Paycom Software from $400.00 to $360.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 5th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $422.76.

In other news, CFO Craig E. Boelte sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $396.97, for a total value of $7,939,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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

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