Paycom Software Inc (PAYC) : Starfire Investment Advisers reduced its stake in Paycom Software Inc by 17.76% during the most recent quarter end. The investment management company now holds a total of 5,000 shares of Paycom Software Inc which is valued at $248,500 after selling 1,080 shares in Paycom Software Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Paycom Software Inc makes up approximately 0.17% of Starfire Investment Advisers’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in PAYC by selling 10 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 395 shares of PAYC which is valued at $19,722. Fox Run Management L.l.c. sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 13,200 shares of PAYC which is valued $651,156. Fcm Investmentstx added PAYC to its portfolio by purchasing 28,590 company shares during the most recent quarter which is valued at $1,410,345. Paycom Software Inc makes up approx 0.81% of Fcm Investmentstx’s portfolio.Creative Planning boosted its stake in PAYC in the latest quarter, The investment management firm added 1,395 additional shares and now holds a total of 1,595 shares of Paycom Software Inc which is valued at $78,681.
Paycom Software Inc closed down -0.23 points or -0.46% at $49.7 with 3,18,558 shares getting traded on Friday. Post opening the session at $50, the shares hit an intraday low of $49.61 and an intraday high of $50.58 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. RBC Capital Mkts Initiated Paycom Software Inc on Sep 30, 2016 to “Sector Perform”, Price Target of the shares are set at $54.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 .
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.