Ruggie Capital Group adds Paycom Software Inc (PAYC) to its portfolio

Paycom Software Inc (PAYC) : Ruggie Capital Group added new position in Paycom Software Inc during the most recent quarter end. The investment management firm now holds 659 shares of Paycom Software Inc which is valued at $33,464 , the company said in a statement filed on Aug 10, 2016 with the SEC.Paycom Software Inc makes up approximately 0.03% of Ruggie Capital Group’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust added PAYC to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $907. Cambridge Investment Research Advisors added PAYC to its portfolio by purchasing 10,024 company shares during the most recent quarter which is valued at $516,236. Paycom Software Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Tocqueville Asset Management reduced its stake in PAYC by selling 11,250 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 247,515 shares of PAYC which is valued at $11,685,183. Paycom Software Inc makes up approx 0.15% of Tocqueville Asset Management’s portfolio.

Paycom Software Inc closed down -0.45 points or -0.91% at $48.98 with 5,16,735 shares getting traded on Friday. Post opening the session at $49.14, the shares hit an intraday low of $48.77 and an intraday high of $49.49 and the price fluctuated in this range throughout the day.Shares ended Friday 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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