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Victory Capital Administration Inc. Purchases 4,640 Shares of Paycom Software program, Inc. (NYSE: PAYC)

Victory Capital Administration Inc. raised its stake in Paycom Software program, Inc. (NYSE: PAYC – Get Score) by 4.8% within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 100,832 shares of the software program maker’s inventory after buying a further 4,640 shares through the interval. Victory Capital Administration Inc. owned roughly 0.17% of Paycom Software program price $33,274,000 as of its most up-to-date SEC submitting.

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A variety of different hedge funds and different institutional traders additionally lately made adjustments to their positions within the enterprise. Geneva Capital Administration LLC elevated its place in Paycom Software program by 1.7% within the third quarter. Geneva Capital Administration LLC now owns 15,117 shares of the software program maker’s inventory valued at $4,988,000 after buying a further 253 shares within the final quarter. Summit X LLC purchased a brand new place in Paycom Software program within the third quarter valued at roughly $215,000. Avantax Advisory Companies Inc. raised its holdings in shares of Paycom Software program by 28.7% within the third quarter. Avantax Advisory Companies Inc. now owns 1,342 shares of the software program maker’s inventory valued at $443,000 after buying a further 299 shares over the last quarter. Brinker Capital Investments LLC raised its holdings in shares of Paycom Software program by 4.3% within the third quarter. Brinker Capital Investments LLC now owns 13,902 shares of the software program maker’s inventory valued at $4,588,000 after buying a further 573 shares over the last quarter. Lastly, Kestra Advisory Companies LLC elevated its holdings in Paycom Software program by 11.0% through the third quarter. Kestra Advisory Companies LLC now owns 18,185 shares of the software program maker’s inventory price $6,001,000 after shopping for a further 1,802 shares over the last quarter. 88.58% of the inventory is owned by institutional traders.

Paycom Software program Inventory Up 2.8%

Paycom Software program inventory opened at $313.46 on Monday. The corporate has a debt-to-equity ratio of 0.03, a present ratio of 1.17 and a fast ratio of 1.17. The inventory has a market capitalization of $18.81 billion, a price-to-earnings ratio of 72.73, a PEG ratio of two.13 and a beta of 1.38. Paycom Software program, Inc. has a 1-year low of $255.82 and a 1-year excessive of $402.78. The enterprise has a fifty-day transferring common value of $314.60 and a 200-day transferring common value of $330.80.

Paycom Software program (NYSE:PAYC – Get Score) final issued its quarterly earnings information on Tuesday, November 1st. The software program maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. The enterprise had income of $334.17 million through the quarter, in comparison with analysts’ expectations of $328.09 million. Paycom Software program had a return on fairness of 24.24% and a web margin of 19.40%. Equities analysis analysts forecast that Paycom Software program, Inc. will put up 4.67 EPS for the present fiscal 12 months.

Wall Road Analyst Weigh In

A number of analysis corporations have commented on PAYC. Wolfe Analysis raised their value goal on shares of Paycom Software program from $400.00 to $410.00 and gave the corporate an “outperform” ranking in a report on Wednesday, November 2nd. Moffett Nathanson assumed protection on shares of Paycom Software program in a analysis report on Monday, January ninth. They set an “underperform” ranking and a $310.00 value goal for the corporate. StockNews.com assumed protection on Paycom Software program in a analysis be aware on Wednesday, October twelfth. They set a “maintain” ranking for the corporate. Citigroup raised their value goal on Paycom Software program from $393.00 to $400.00 and gave the corporate a “purchase” ranking in a analysis be aware on Wednesday, November 2nd. Lastly, Credit score Suisse Group elevated their goal value on shares of Paycom Software program from $425.00 to $430.00 and gave the corporate an “outperform” ranking in a analysis report on Wednesday, November 2nd. One equities analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and eight have assigned a purchase ranking to the inventory. Based on MarketBeat.com, Paycom Software program presently has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $384.29.

Paycom Software program Firm Profile

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Paycom Software program, Inc engages within the provision of cloud-based human capital administration (HCM) software program options delivered as Software program-as-a-Service. It affords performance and information analytics that companies have to handle the whole employment life cycle from recruitment to retirement. Its options embrace expertise acquisition, time and labor administration, payroll, expertise administration, and human useful resource administration.

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

This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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