Alliancebernstein L.P. raised its holdings in Paycom Software Inc (NYSE:PAYC) by 198.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,954 shares of the software maker’s stock after acquiring an additional 71,729 shares during the quarter. Alliancebernstein L.P. owned approximately 0.18% of Paycom Software worth $16,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC grew its position in Paycom Software by 154.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,030 shares of the software maker’s stock valued at $102,000 after acquiring an additional 625 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Paycom Software during the 2nd quarter worth $119,000. Truvestments Capital LLC bought a new position in shares of Paycom Software during the 3rd quarter worth $132,000. Stratos Wealth Partners LTD. bought a new position in shares of Paycom Software during the 3rd quarter worth $144,000. Finally, Rational Advisors LLC bought a new position in shares of Paycom Software during the 2nd quarter worth $148,000. 77.29% of the stock is currently owned by institutional investors.

Shares of NYSE PAYC opened at $131.00 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $7.78 billion, a P/E ratio of 148.86, a P/E/G ratio of 2.44 and a beta of 1.83. Paycom Software Inc has a 1-year low of $75.39 and a 1-year high of $164.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $130.52 million. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, equities analysts forecast that Paycom Software Inc will post 2.15 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. ValuEngine raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Credit Suisse Group increased their price target on Paycom Software from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Jefferies Financial Group increased their price target on Paycom Software to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Bank of America downgraded Paycom Software from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Barclays increased their price target on Paycom Software from $131.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Paycom Software currently has a consensus rating of “Buy” and a consensus target price of $126.82.

In related news, insider Jeffrey D. York sold 50,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $152.53, for a total transaction of $7,626,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathy Oden-Hall sold 2,000 shares of the company’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $140.21, for a total value of $280,420.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,200 shares of company stock valued at $8,711,516 over the last 90 days. 16.24% of the stock is currently owned by company insiders.

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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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