Capital Research Global Investors maintained its stake in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,975,235 shares of the software maker’s stock at the close of the second quarter. Capital Research Global Investors owned approximately 3.41% of Paycom Software worth $135,126,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Capital World Investors raised its stake in shares of Paycom Software by 6.7% in the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock worth $452,389,000 after purchasing an additional 415,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Paycom Software by 6.8% in the second quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock worth $255,023,000 after purchasing an additional 236,334 shares during the last quarter. BlackRock Inc. raised its stake in shares of Paycom Software by 12.7% in the second quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock worth $205,302,000 after purchasing an additional 338,351 shares during the last quarter. State Street Corp raised its stake in shares of Paycom Software by 4.1% in the first quarter. State Street Corp now owns 799,092 shares of the software maker’s stock worth $45,959,000 after purchasing an additional 31,386 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Paycom Software by 60.3% in the second quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock worth $51,229,000 after purchasing an additional 281,778 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

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In related news, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total value of $821,920.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock valued at $4,564,520 in the last 90 days. 17.90% of the stock is currently owned by company insiders.

Shares of Paycom Software, Inc. (NYSE PAYC) opened at 76.03 on Friday. The company has a 50 day moving average price of $74.08 and a 200 day moving average price of $67.30. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 82.46 and a beta of 1.72. Paycom Software, Inc. has a one year low of $39.15 and a one year high of $76.75.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. The company had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. Paycom Software had a return on equity of 35.77% and a net margin of 14.28%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities analysts predict that Paycom Software, Inc. will post $1.15 EPS for the current year.

PAYC has been the subject of several recent analyst reports. KeyCorp boosted their price target on Paycom Software to $94.00 in a research note on Wednesday, August 2nd. Credit Suisse Group AG restated a “buy” rating on shares of Paycom Software in a research note on Monday, July 3rd. BidaskClub cut Paycom Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Canaccord Genuity boosted their price target on Paycom Software from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $73.00 price target on shares of Paycom Software in a research note on Thursday, June 8th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Paycom Software currently has a consensus rating of “Buy” and an average target price of $76.63.

Paycom Software Profile

Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.

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

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