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Summit X LLC makes a $215,000 investment in Paycom Software, Inc. (NYSE:PAYC)

Paycom Software, Inc. (NYSE: PAYC) disclosed in its most recent filing with the Securities and Exchange Commission that Summit X LLC completed its acquisition during the third quarter of 2014. (SEC). The investment fund disbursed about $215,000 to acquire 657 shares issued by the software manufacturer.

In recent months, several large investors have altered the percentage of shares in the company that they continue to hold. In the second quarter, Allianz Asset Management GmbH raised the total number of Paycom Software shares it owned to a level 297.5% higher than before. Allianz Asset Management GmbH now holds 578,175 shares in the software maker after acquiring an additional 432,727 shares during the previous quarter. These shares have a current value of $161,958,000. During the second quarter, FMR LLC achieved a 130.8% increase in its ownership percentage in Paycom Software. FMR LLC currently owns 700,963 shares in the software company, which are worth $196,353,000. This is a direct result of the culmination of purchases made during the previous quarter. During the first three months of this year, Goldman Sachs Group Inc. increased the proportion of Paycom Software in which it invested to 47.8 percent. After making an additional purchase of 283,892 shares during the most recent fiscal quarter, Goldman Sachs Group Inc. now owns a total of 877,824 shares of the software company, worth $304,061,000. The company invested in shares during the most recent fiscal quarter. During the second quarter of the fiscal year, Waratah Capital Advisors Ltd. raised its wholly owned ownership of Paycom Software to a level 96.8% higher than before. Waratah Capital Advisors Ltd. now owns 327,532 shares of the software maker, which are worth $91,638,000 after buying an additional 161,069 shares during the most recent quarter. This brings the total number of shares held by the investment firm to 327,532. And finally, during the first three months of the year, Wellington Management Group LLP increased its stake in Paycom Software by 8.7%, bringing the total number of shares held to a total of . Following the acquisition of 108,505 shares of the software developer during the most recent fiscal quarter, Wellington Management Group LLP now owns 1,359,073 shares of the company. The market value of these shares as of now is $470,756,000. Currently, the institutions own a total of 88.58 percent of the total shares of the company.

Many research studies on PAYC have been made available to the general public. Wolfe Research raised its price target for Paycom Software shares to $410.00 from $400.00 in a report published Nov. 2. The report also upgraded the stock’s rating to “outperform” its previous “market performance” status. The company’s previous price target was considered when making both adjustments. The report that Moffett Nathanson issued on January 9 marked the beginning of the company’s coverage of Paycom Software’s actions. Financial experts have given the company an “underperform” rating and anticipate the stock to reach a price of $310.00 shortly. Paycom Software stock was added to the StockNews.com coverage universe on October 12, 2013. They advised their clients to “hold” the stock going forward. Barclays lowered its price target on Paycom Software shares from $347.00 to $324.00 and assigned the shares an “equal weight” rating in a research report published Tuesday, January 10. Piper Sandler upgraded Paycom Software from an “underweight” rating to “neutral” and raised her price target on the stock from $387.00 to $395.00 in a report published Nov. 2. Piper Sandler’s report can be found here. Ten analysts support buying shares in the company, five experts support maintaining the current ownership structure, and one analyst supports selling shares.According to Bloomberg information, the stock currently has a “Moderate Buy” rating. average, and the average price target is $384.29.

When the market opened on Wednesday, a share of PAYC was selling at a price of $310.30 per share. The company’s current stock price is $330.71, which is higher than the fifty-day moving average price of $315.39. Paycom Software, Inc. hit an all-time low of $255.82 over the past year, while the company hit an all-time high of $402.78 over the same period. The company’s market capitalization is $18.62 billion and it has a price-earnings ratio of 72.00, a price-earnings-growth ratio of 2.07, and a beta of 1.38. All of these are very favorable financial indicators. In addition, the company has a price-earnings-growth ratio of 2.07, indicating that it is a good investment. Although the current ratio, the quick ratio, and the debt-to-equity ratio are all 1.17, the debt-to-equity ratio is extremely low, at just 0.03.

Paycom Software (NYSE: PAYC) announced its most recent quarterly earnings on November 1, and the report was published online. The software company reported earnings per share for the quarter of $0.92, which was $0.11 higher than the earnings estimates financial analysts consider the industry standard. Paycom Software had a return on equity of 24.24%, while the company’s net margin was 19.40%. Revenue for the quarter was $334.17 million, significantly higher than analysts’ median estimate of $328.09 million. Based on forecasts provided by stock analysts, Paycom Software, Inc. will likely generate earnings of $4.67 per share during the current fiscal year.

software as a

Cloud-based human capital management (HCM) software solutions developed and distributed by Paycom Software, Inc. use the service delivery model as the mode of software distribution. It offers the data analytics and capabilities that companies require to manage each stage of the employment lifecycle, beginning with the hiring process and continuing through retirement. This includes managing everything else. It provides human resource management, talent management, payroll management, time and labor management, and talent acquisition management.

Are you interested in knowing the names of the other hedge funds that have PAYC in their possession? HoldingsChannel.com currently provides users with access to the most recent 13F filings and internal transactions involving Paycom Software, Inc. (NYSE: PAYC).

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