International Assets Investment Management LLC Buys 278,529 Shares of Paycom Software, Inc. (NYSE:PAYC)

International Assets Investment Management LLC boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 9,997.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,315 shares of the software maker’s stock after purchasing an additional 278,529 shares during the quarter. International Assets Investment Management LLC owned about 0.49% of Paycom Software worth $46,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $25,000. MFA Wealth Advisors LLC acquired a new position in shares of Paycom Software during the second quarter worth $26,000. Armstrong Advisory Group Inc. acquired a new position in shares of Paycom Software during the third quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Paycom Software during the 2nd quarter valued at $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Paycom Software in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CFO Craig E. Boelte sold 11,882 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.63, for a total value of $303,478.50. Following the sale, the chief executive officer now owns 2,978,858 shares of the company’s stock, valued at approximately $463,599,670.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now directly owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,956 shares of company stock valued at $11,394,014 in the last ninety days. Insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen increased their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Barclays boosted their target price on shares of Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Jefferies Financial Group increased their price objective on shares of Paycom Software from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $182.25.

Paycom Software Trading Down 0.3 %

Shares of PAYC opened at $164.63 on Monday. The company’s 50 day simple moving average is $165.06 and its 200-day simple moving average is $163.60. The firm has a market cap of $9.45 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $253.33.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The company had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. As a group, equities research analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.