Calamos Wealth Management LLC boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,113 shares of the software maker’s stock after buying an additional 239 shares during the quarter. Calamos Wealth Management LLC’s holdings in Paycom Software were worth $6,333,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp bought a new stake in Paycom Software during the 4th quarter valued at approximately $25,000. Ancora Advisors LLC bought a new stake in shares of Paycom Software in the 4th quarter valued at approximately $25,000. BDO Wealth Advisors LLC purchased a new position in Paycom Software during the fourth quarter worth $29,000. Patriot Financial Group Insurance Agency LLC bought a new position in Paycom Software during the 4th quarter valued at about $40,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Paycom Software during the fourth quarter valued at approximately $43,000. 74.20% of the stock is owned by institutional investors and hedge funds.
NYSE:PAYC traded down $0.33 on Monday, reaching $380.90. The stock had a trading volume of 3,887 shares, compared to its average volume of 421,075. Paycom Software, Inc. has a 12-month low of $205.06 and a 12-month high of $471.08. The firm’s fifty day moving average is $377.15 and its two-hundred day moving average is $391.53. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 135.19, a P/E/G ratio of 4.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09.
Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 10th. The software maker reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $220.95 million for the quarter, compared to the consensus estimate of $213.57 million. Paycom Software had a return on equity of 26.72% and a net margin of 20.21%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS. As a group, research analysts forecast that Paycom Software, Inc. will post 2.5 earnings per share for the current fiscal year.
Several brokerages have weighed in on PAYC. Needham & Company LLC upped their target price on Paycom Software from $455.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Stifel Nicolaus increased their price target on Paycom Software from $405.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, December 22nd. KeyCorp lifted their price objective on shares of Paycom Software from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, February 11th. Zacks Investment Research upgraded shares of Paycom Software from a “sell” rating to a “hold” rating and set a $384.00 price target on the stock in a report on Friday, March 19th. Finally, Jefferies Financial Group upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a research note on Thursday, March 11th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $414.22.
In other Paycom Software news, CFO Craig E. Boelte sold 8,000 shares of the firm’s stock in a transaction on Friday, January 15th. The shares were sold at an average price of $406.41, for a total transaction of $3,251,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.10% of the stock is owned by company insiders.
Paycom Software 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.
Further Reading: Dividend Reinvestment Plan (DRIP)
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