Rail-splitter Capital Management buys $14,403,258 stake in Paycom Software Inc (PAYC)

Paycom Software Inc (PAYC) : Rail-splitter Capital Management scooped up 80,640 additional shares in Paycom Software Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 384,497 shares of Paycom Software Inc which is valued at $14,403,258.Paycom Software Inc makes up approximately 3.64% of Rail-splitter Capital Management’s portfolio.

Paycom Software Inc closed down -1.23 points or -3.18% at $37.46 with 13,15,203 shares getting traded on Friday. Post opening the session at $37.73, the shares hit an intraday low of $36.38 and an intraday high of $38.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. reduced its stake in PAYC by selling 200 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 200 shares of PAYC which is valued at $7,492.Great West Life Assurance Co Can boosted its stake in PAYC in the latest quarter, The investment management firm added 2,127 additional shares and now holds a total of 4,627 shares of Paycom Software Inc which is valued at $176,798. Huntington National Bank sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 47 shares of PAYC which is valued $1,796.Metlife Securities Inc reduced its stake in PAYC by selling 40 shares or 9.2% in the most recent quarter. The Hedge Fund company now holds 395 shares of PAYC which is valued at $14,777. Strs Ohio sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 24,400 shares of PAYC which is valued $912,804.

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.

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