9,071 Paycom Software, Inc. $PAYC Shares Purchased by Bridge City Capital LLC

Key Points

• Bridge City Capital increased its Paycom Software stake by 62.1% in the third quarter, purchasing 9,071 shares and ending with 23,677 shares worth approximately $5.15 million.
• Institutional investors and hedge funds own 87.77% of PAYC, while insiders hold 13.20%; insider Shane Hadlock recently sold 241 shares for roughly $57,857.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $256.21. Paycom most recently exceeded earnings and revenue estimates, reporting $2.78 EPS and $531.2 million in quarterly revenue.

Bridge City Capital LLC boosted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,677 shares of the software maker's stock after purchasing an additional 9,071 shares during the quarter. Bridge City Capital LLC owned about 0.05% of Paycom Software worth $5,153,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Childress Capital Advisors LLC raised its position in shares of Paycom Software by 1.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker's stock worth $642,000 after purchasing an additional 42 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in Paycom Software by 1.1% in the second quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker's stock valued at $589,000 after acquiring an additional 49 shares in the last quarter. CX Institutional grew its position in shares of Paycom Software by 4.7% in the 3rd quarter. CX Institutional now owns 1,399 shares of the software maker's stock worth $304,000 after acquiring an additional 63 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Paycom Software by 2.6% in the 3rd quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker's stock worth $585,000 after buying an additional 69 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Paycom Software by 3.4% during the 3rd quarter. Signaturefd LLC now owns 2,547 shares of the software maker's stock valued at $554,000 after purchasing an additional 83 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In related news, insider Shane Hadlock sold 241 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the sale, the insider owned 69,911 shares of the company's stock, valued at $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PAYC has been the subject of several recent analyst reports. BTIG Research raised their target price on Paycom Software from $230.00 to $305.00 and gave the stock a "buy" rating in a research report on Monday, October 26th. Wall Street Zen lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Sunday, September 6th. Stifel Nicolaus lifted their price target on shares of Paycom Software from $120.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. Barclays lifted their target price on Paycom Software from $210.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 13th. Finally, KeyCorp boosted their price objective on shares of Paycom Software from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $256.21.

Paycom Software Price Performance

PAYC stock opened at $263.51 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average price of $235.83 and a 200-day moving average price of $164.12. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $275.22. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.41 and a beta of 0.82.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same period in the prior year, the company posted $2.06 EPS. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Paycom Software, Inc. will post 10.80 EPS for the current fiscal year.

About Paycom Software

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company's software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.

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