Goldman Sachs Group Inc. lifted its stake in shares of Paycom Software program, Inc. (NYSE:PAYC – Get Score) by 10.4% throughout the second quarter, Holdings Channel.com experiences. The agency owned 969,474 shares of the software program maker’s inventory after shopping for a further 91,650 shares throughout the interval. Goldman Sachs Group Inc.’s holdings in Paycom Software program have been value $271,570,000 on the finish of the latest reporting interval.
Different hedge funds have additionally modified their holdings of the corporate. BlackRock Inc. raised its holdings in Paycom Software program by 11.5% throughout the 1st quarter. BlackRock Inc. now owns 5,967,962 shares of the software program maker’s inventory value $2,067,181,000 after buying a further 615,839 shares over the past quarter. Allianz Asset Administration GmbH lifted its holdings in Paycom Software program by 297.5% within the second quarter. Allianz Asset Administration GmbH now owns 578,175 shares of the software program maker’s inventory valued at $161,958,000 after shopping for a further 432,727 shares throughout the interval. FMR LLC boosted its stake in Paycom Software program by 130.8% within the second quarter. FMR LLC now owns 700,963 shares of the software program maker’s inventory valued at $196,353,000 after buying a further 397,296 shares over the past quarter. Alyeska Funding Group LP boosted its stake in Paycom Software program by 156.4% within the first quarter. Alyeska Funding Group LP now owns 456,317 shares of the software program maker’s inventory valued at $158,059,000 after buying a further 278,342 shares over the past quarter. Lastly, Eagle Asset Administration Inc. acquired a brand new stake in Paycom Software program throughout the 1st quarter value $91,207,000. 74.43% of the inventory is owned by institutional buyers.
Wall Avenue Analysts Forecast Development
A number of analysis corporations have just lately issued experiences on PAYC. Cowen raised their worth goal on Paycom Software program from $365.00 to $381.00 in a analysis report on Wednesday, November 2nd. Barclays boosted their goal worth on Paycom Software program from $339.00 to $343.00 and gave the inventory an “equal weight” ranking in a analysis report on Tuesday, October 18th. Piper Sandler elevated their worth goal on shares of Paycom Software program from $387.00 to $395.00 and gave the corporate an “obese” ranking in a analysis report on Wednesday, November 2nd. Cowen boosted their worth goal on shares of Paycom Software program from $365.00 to $381.00 in a report on Wednesday, November 2nd. Lastly, Credit score Suisse Group elevated their goal worth on shares of Paycom Software program from $425.00 to $430.00 and gave the inventory an “outperform” ranking in a report on Wednesday, November 2nd. 5 analysis analysts have rated the inventory with a maintain ranking and 9 have issued a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the inventory at present has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $390.13.
Paycom Software program Inventory Efficiency
PAYC opened at $327.72 on Thursday. The corporate has a debt-to-equity ratio of 0.03, a present ratio of 1.17 and a fast ratio of 1.17. The corporate has a market capitalization of $19.67 billion, a price-to-earnings ratio of 76.04, a P/E/G ratio of two.69 and a beta of 1.37. The enterprise’s 50-day transferring common worth is $324.64 and its two-hundred day transferring common worth is $327.37. Paycom Software program, Inc. has a 1 12 months low of $255.82 and a 1 12 months excessive of $429.93.
Paycom Software program Firm Profile
(Get Score)
Paycom Software program, Inc gives a cloud-based human capital administration (HCM) answer delivered as software-as-a-service for small to mid-sized corporations in america. It provides performance and information analytics that companies have to handle the employment life cycle from recruitment to retirement.
Beneficial Tales
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