Paycom Software Inc (PAYC) : Gilder Gagnon Howe Co reduced its stake in Paycom Software Inc by 2.67% during the most recent quarter end. The investment management company now holds a total of 3,206,777 shares of Paycom Software Inc which is valued at $120,125,866 after selling 87,978 shares in Paycom Software Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Paycom Software Inc makes up approximately 2.40% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 29,127 shares of PAYC which is valued $1,091,097.Rail-splitter Capital Management boosted its stake in PAYC in the latest quarter, The investment management firm added 80,640 additional shares and now holds a total of 384,497 shares of Paycom Software Inc which is valued at $14,403,258. Paycom Software Inc makes up approx 3.64% of Rail-splitter Capital Management’s portfolio.Quantbot Technologies Lp reduced its stake in PAYC by selling 4,033 shares or 85.34% in the most recent quarter. The Hedge Fund company now holds 693 shares of PAYC which is valued at $26,480. Quantitative Systematic Strategies sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 7,995 shares of PAYC which is valued $299,093.
Paycom Software Inc opened for trading at $38.64 and hit $39.88 on the upside on Tuesday, eventually ending the session at $39.65, with a gain of 2.88% or 1.11 points. The heightened volatility saw the trading volume jump to 6,90,209 shares. Company has a market cap of $2,376 M.
On the company’s financial health, Paycom Software Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $90.10 million for the quarter, compared to analysts expectations of $83.47 million. The company’s revenue was up 63.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Wunderlich on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $34 .Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $35 .
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.