Sylebra Hk Co Ltd buys $250,809,885 stake in Paycom Software Inc (PAYC)

Paycom Software Inc (PAYC) : Sylebra Hk Co Ltd scooped up 1,450,512 additional shares in Paycom Software Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,939,147 shares of Paycom Software Inc which is valued at $250,809,885.Paycom Software Inc makes up approximately 20.93% of Sylebra Hk Co Ltd’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in PAYC during the most recent quarter. The investment firm sold 6,530 shares of PAYC which is valued $331,593. Penserra Capital Management added PAYC to its portfolio by purchasing 27,869 company shares during the most recent quarter which is valued at $1,404,040. Paycom Software Inc makes up approx 0.18% of Penserra Capital Management’s portfolio.Diversified Trust Co reduced its stake in PAYC by selling 1,975 shares or 26.0% in the most recent quarter. The Hedge Fund company now holds 5,620 shares of PAYC which is valued at $265,714. Paycom Software Inc makes up approx 0.04% of Diversified Trust Co’s portfolio.Eagle Asset Management Inc boosted its stake in PAYC in the latest quarter, The investment management firm added 10,711 additional shares and now holds a total of 95,543 shares of Paycom Software Inc which is valued at $4,527,783. Paycom Software Inc makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.

Paycom Software Inc opened for trading at $51.11 and hit $51.52 on the upside on Thursday, eventually ending the session at $51.35, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 4,36,037 shares. Company has a market cap of $3,072 M.

On the company’s financial health, Paycom Software Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.13. The company had revenue of $73.88 million for the quarter, compared to analysts expectations of $70.70 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .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 .

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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