VIRGINIA RETIREMENT SYSTEMS ET Al Sells 13,200 Shares of Paycom Software, Inc. $PAYC

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 37.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,900 shares of the software maker’s stock after selling 13,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Paycom Software were worth $4,767,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Parcion Private Wealth LLC purchased a new stake in shares of Paycom Software in the 3rd quarter valued at about $272,000. Choreo LLC grew its stake in Paycom Software by 71.1% during the 3rd quarter. Choreo LLC now owns 3,355 shares of the software maker’s stock worth $730,000 after buying an additional 1,394 shares during the last quarter. Interchange Capital Partners LLC purchased a new stake in Paycom Software in the third quarter valued at approximately $247,000. Childress Capital Advisors LLC lifted its stake in Paycom Software by 1.4% in the third quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker’s stock valued at $642,000 after buying an additional 42 shares during the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in Paycom Software in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $263.51 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $275.22. The company’s fifty day moving average is $235.83 and its two-hundred day moving average is $164.12. The firm has a market capitalization of $11.88 billion, a P/E ratio of 28.00, a PEG ratio of 1.41 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Analysts forecast that Paycom Software, Inc. will post 10.80 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of Paycom Software in a research report on Tuesday, September 29th. They set an “underperform” rating and a $200.00 target price on the stock. BTIG Research upped their price target on shares of Paycom Software from $230.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Wall Street Zen lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Weiss Ratings raised shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Cantor Fitzgerald increased their target price on shares of Paycom Software from $195.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $256.21.

Insider Activity

In related news, insider Shane Hadlock sold 2,577 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the sale, the insider directly owned 70,152 shares in the company, valued at $16,668,115.20. The trade was a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is owned by company insiders.

Paycom Software Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.