Rail-splitter Capital Management Lowers stake in Paycom Software Inc (PAYC)

Paycom Software Inc (PAYC) : Rail-splitter Capital Management reduced its stake in Paycom Software Inc by 44.5% during the most recent quarter end. The investment management company now holds a total of 213,396 shares of Paycom Software Inc which is valued at $10,881,062 after selling 171,101 shares in Paycom Software Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Paycom Software Inc makes up approximately 2.52% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 693 shares of PAYC which is valued $35,336.Starfire Investment Advisers reduced its stake in PAYC by selling 1,080 shares or 17.76% in the most recent quarter. The Hedge Fund company now holds 5,000 shares of PAYC which is valued at $236,050. Paycom Software Inc makes up approx 0.16% of Starfire Investment Advisers’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in PAYC in the latest quarter, The investment management firm added 39,100 additional shares and now holds a total of 181,600 shares of Paycom Software Inc which is valued at $8,573,336. Paycom Software Inc makes up approx 0.07% of Public Employees Retirement Association Of Colorado’s portfolio.Kessler Investment Group reduced its stake in PAYC by selling 720 shares or 17.2% in the most recent quarter. The Hedge Fund company now holds 3,466 shares of PAYC which is valued at $164,254. Paycom Software Inc makes up approx 0.23% of Kessler Investment Group’s portfolio.Independent Portfolio Consultants reduced its stake in PAYC by selling 90 shares or 19.35% in the most recent quarter. The Hedge Fund company now holds 375 shares of PAYC which is valued at $17,516. Paycom Software Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.

Paycom Software Inc closed down -0.76 points or -1.48% at $50.74 with 7,26,176 shares getting traded on Monday. Post opening the session at $51.76, the shares hit an intraday low of $50.57 and an intraday high of $51.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Paycom Software Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.13. The company had revenue of $73.88 million for the quarter, compared to analysts expectations of $70.70 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Company shares were Reiterated by Stifel on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

Paycom Software Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Company’s solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. Talent acquisition includes applicant tracking candidate tracker background checks on-boarding e-verify and tax credit services. Time and labor management includes time and attendance scheduling/schedule exchange time-off requests labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management Paycom pay expense management and garnishment management. Talent management includes employee self-service compensation budgeting performance management executive dashboard and Paycom learning. Human resources management includes document and task management government and compliance benefits administration COBRA administration personnel action forms surveys and ACA dashboard.

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