Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Paycom Software, Inc. (NYSE:PAYCGet Rating) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,569 shares of the software maker’s stock after selling 630 shares during the period. Principal Financial Group Inc.’s holdings in Paycom Software were worth $29,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Paycom Software by 34.3% during the 3rd quarter. LPL Financial LLC now owns 18,792 shares of the software maker’s stock valued at $9,316,000 after buying an additional 4,802 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Paycom Software during the 4th quarter valued at about $2,886,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Paycom Software by 17.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,001 shares of the software maker’s stock valued at $9,719,000 after buying an additional 3,622 shares during the last quarter. Pembroke Management LTD grew its position in shares of Paycom Software by 13.0% during the 4th quarter. Pembroke Management LTD now owns 31,392 shares of the software maker’s stock valued at $13,034,000 after buying an additional 3,616 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its position in shares of Paycom Software by 191.1% during the 4th quarter. Fox Run Management L.L.C. now owns 1,269 shares of the software maker’s stock valued at $527,000 after buying an additional 833 shares during the last quarter. 87.12% of the stock is owned by institutional investors.

In related news, insider Bradley Scott Smith sold 1,625 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $275.24, for a total transaction of $447,265.00. Following the completion of the sale, the insider now directly owns 3,600 shares of the company’s stock, valued at $990,864. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 9,611 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $275.24, for a total transaction of $2,645,331.64. Following the sale, the chief executive officer now directly owns 4,727,444 shares of the company’s stock, valued at $1,301,181,686.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,290 shares of company stock valued at $3,934,164. Company insiders own 15.20% of the company’s stock.

Shares of NYSE:PAYC opened at $288.56 on Friday. The company has a 50 day moving average of $317.81 and a 200-day moving average of $369.63. The firm has a market cap of $17.39 billion, a P/E ratio of 75.15, a P/E/G ratio of 2.64 and a beta of 1.54. Paycom Software, Inc. has a twelve month low of $259.95 and a twelve month high of $558.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03.

Paycom Software (NYSE:PAYCGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The software maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. The company had revenue of $353.52 million during the quarter, compared to analyst estimates of $343.20 million. Paycom Software had a net margin of 19.64% and a return on equity of 25.12%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. Equities research analysts forecast that Paycom Software, Inc. will post 4.3 EPS for the current year.

A number of equities research analysts recently weighed in on PAYC shares. Oppenheimer lowered their price objective on shares of Paycom Software from $415.00 to $350.00 in a research report on Wednesday, May 4th. Needham & Company LLC lowered their price objective on shares of Paycom Software from $640.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, February 9th. Barclays reduced their target price on shares of Paycom Software from $380.00 to $328.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 19th. Zacks Investment Research lowered shares of Paycom Software from a “hold” rating to a “sell” rating and set a $360.00 target price for the company. in a research note on Friday, January 14th. Finally, KeyCorp reduced their target price on shares of Paycom Software from $575.00 to $400.00 and set an “overweight” rating for the company in a research note on Tuesday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $396.29.

Paycom Software Company Profile (Get Rating)

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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