Hamilton Lane Advisors adds Paycom Software Inc (PAYC) to its portfolio

Paycom Software Inc (PAYC) : Hamilton Lane Advisors added new position in Paycom Software Inc during the most recent quarter end. The investment management firm now holds 249,616 shares of Paycom Software Inc which is valued at $11,394,970 , the company said in a statement filed on Jul 12, 2016 with the SEC.Paycom Software Inc makes up approximately 5.35% of Hamilton Lane Advisors’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in PAYC by selling 16,686 shares or 17.77% in the most recent quarter. The Hedge Fund company now holds 77,223 shares of PAYC which is valued at $3,525,230. Paycom Software Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in PAYC in the latest quarter, The investment management firm added 91,121 additional shares and now holds a total of 91,162 shares of Paycom Software Inc which is valued at $4,161,545. Paycom Software Inc makes up approx 0.09% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio. West Oak Capital added PAYC to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $18,192. Paycom Software Inc makes up approx 0.01% of West Oak Capital’s portfolio. Bnp Paribas Arbitrage Sa added PAYC to its portfolio by purchasing 1,718 company shares during the most recent quarter which is valued at $78,135.

Paycom Software Inc closed down -0.05 points or -0.11% at $46.2 with 2,85,970 shares getting traded on Friday. Post opening the session at $46.5, the shares hit an intraday low of $46.01 and an intraday high of $46.63 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Company shares were Reiterated by Stifel on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .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 .

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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