Paycom Software Inc (PAYC) : Sylebra Hk Co Ltd reduced its stake in Paycom Software Inc by 30.63% during the most recent quarter end. The investment management company now holds a total of 3,442,007 shares of Paycom Software Inc which is valued at $143,772,632 after selling 1,519,584 shares in Paycom Software Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Paycom Software Inc makes up approximately 13.74% of Sylebra Hk Co Ltd’s portfolio.
Other Hedge Funds, Including , Jackson Square Partners reduced its stake in PAYC by selling 352,392 shares or 34.99% in the most recent quarter. The Hedge Fund company now holds 654,781 shares of PAYC which is valued at $27,350,202. Paycom Software Inc makes up approx 0.13% of Jackson Square Partners’s portfolio. Bessemer Group Inc sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 354 shares of PAYC which is valued $13,933. Pacer Advisors added PAYC to its portfolio by purchasing 2,111 company shares during the most recent quarter which is valued at $83,089. Paycom Software Inc makes up approx 0.01% of Pacer Advisors’s portfolio. Boston Advisors added PAYC to its portfolio by purchasing 4,005 company shares during the most recent quarter which is valued at $208,100. Paycom Software Inc makes up approx 0.01% of Boston Advisors’s portfolio.
Paycom Software Inc opened for trading at $43.82 and hit $44.3 on the upside on Monday, eventually ending the session at $43.79, with a gain of 0.92% or 0.4 points. The heightened volatility saw the trading volume jump to 4,76,629 shares. Company has a market cap of $2,632 M.
On the company’s financial health, Paycom Software Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.12. The company had revenue of $77.30 million for the quarter, compared to analysts expectations of $76.71 million. The company’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on Paycom Software Inc. Paycom Software Inc was Downgraded by JP Morgan to ” Neutral” on Nov 2, 2016. RBC Capital Mkts Initiated Paycom Software Inc on Sep 30, 2016 to “Sector Perform”, Price Target of the shares are set at $54.
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.