Paycom Software Inc (PAYC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Paycom Software Inc (NYSE:PAYC) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 945,552 shares of the software maker’s stock after acquiring an additional 3,007 shares during the quarter. Dimensional Fund Advisors LP owned 1.62% of Paycom Software worth $70,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PAYC. Schwab Charles Investment Management Inc. boosted its holdings in Paycom Software by 14.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 214,375 shares of the software maker’s stock valued at $16,070,000 after acquiring an additional 26,586 shares during the period. Mckinley Capital Management LLC Delaware boosted its holdings in Paycom Software by 3.8% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 154,539 shares of the software maker’s stock valued at $11,584,000 after acquiring an additional 5,598 shares during the period. Axiom International Investors LLC DE purchased a new position in Paycom Software during the 3rd quarter valued at $4,969,000. JPMorgan Chase & Co. boosted its holdings in Paycom Software by 96.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock valued at $87,664,000 after acquiring an additional 574,658 shares during the period. Finally, Virginia Retirement Systems ET AL raised its position in Paycom Software by 8.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 34,000 shares of the software maker’s stock valued at $2,549,000 after purchasing an additional 2,600 shares in the last quarter. 88.41% of the stock is currently owned by institutional investors and hedge funds.

PAYC has been the subject of a number of research analyst reports. Zacks Investment Research raised Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Paycom Software in a research report on Friday, November 3rd. Bank of America initiated coverage on Paycom Software in a research report on Monday, November 6th. They issued a “buy” rating and a $92.00 price target for the company. Dougherty & Co initiated coverage on Paycom Software in a research report on Tuesday, October 31st. They issued a “buy” rating and a $100.00 price target for the company. Finally, Robert W. Baird reissued a “buy” rating and issued a $82.00 price target on shares of Paycom Software in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.44.

In related news, insider Jeffrey D. York sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total value of $3,998,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.

Paycom Software Inc (NYSE:PAYC) opened at $84.50 on Friday. The stock has a market capitalization of $5,000.00, a P/E ratio of 79.72, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software Inc has a 1 year low of $42.52 and a 1 year high of $86.10.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. Paycom Software’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. equities analysts forecast that Paycom Software Inc will post 0.82 EPS for the current fiscal year.

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Paycom Software Company 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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