Russell Investments Group Ltd. trimmed its stake in Paycom Software Inc (NYSE:PAYC) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,781 shares of the software maker’s stock after selling 2,171 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Paycom Software worth $6,978,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Paycom Software by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 505,767 shares of the software maker’s stock valued at $61,930,000 after buying an additional 24,903 shares in the last quarter. HL Financial Services LLC bought a new position in shares of Paycom Software in the first quarter valued at $210,000. Comerica Bank lifted its stake in shares of Paycom Software by 2.6% in the first quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock valued at $414,000 after buying an additional 56 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Paycom Software by 32.1% in the first quarter. Victory Capital Management Inc. now owns 197,635 shares of the software maker’s stock valued at $37,379,000 after buying an additional 48,004 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in shares of Paycom Software in the first quarter valued at $263,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

In related news, insider Jeffrey D. York sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $232.84, for a total transaction of $5,821,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 16.09% of the stock is owned by company insiders.

Shares of PAYC traded up $5.18 during trading hours on Thursday, reaching $211.88. 20,045 shares of the stock traded hands, compared to its average volume of 668,431. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $240.74 and a 200 day simple moving average of $213.92. Paycom Software Inc has a 52 week low of $107.46 and a 52 week high of $259.71. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 97.49, a PEG ratio of 3.09 and a beta of 1.45.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. Paycom Software had a net margin of 23.93% and a return on equity of 38.25%. The company had revenue of $169.30 million for the quarter, compared to analyst estimates of $163.88 million. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue was up 31.4% on a year-over-year basis. Analysts predict that Paycom Software Inc will post 2.74 earnings per share for the current fiscal year.

A number of research analysts have weighed in on PAYC shares. ValuEngine lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer raised their price objective on shares of Paycom Software from $220.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Bank of America reaffirmed a “neutral” rating and issued a $250.00 price objective (up from $215.00) on shares of Paycom Software in a research note on Wednesday, July 31st. Northland Securities raised their price objective on shares of Paycom Software from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Finally, Credit Suisse Group raised their price objective on shares of Paycom Software from $190.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Paycom Software has an average rating of “Hold” and an average price target of $226.79.

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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