Non-public Advisor Group LLC has bought 1,089 shares of Paycom Software program, Inc. inventory, valued at roughly $331,000. This funding comes after different hedge funds, comparable to Morgan Stanley and Goldman Sachs, made vital modifications to their positions within the software program firm. Morgan Stanley elevated its stake by 147.5% and now owns over 1,000,000 shares of Paycom Software program.
Alliancebernstein L.P. and Franklin Sources Inc. have additionally elevated their holdings in Paycom Software program, with Alliancebernstein buying 317,527 shares and Franklin Sources buying 260,146 shares.
In the meantime, Man Group plc has seen a 149.1% enhance in its holdings of Paycom Software program, now proudly owning 210,428 shares.
It’s price noting that these purchases deliver the overall institutional possession of Paycom Software program to 88.69%.
Moreover, EVP Christopher Gene Thomas has offered 320 shares of Paycom Software program inventory for a complete transaction of $92,816. Following the sale, Thomas now holds 26,154 shares within the firm.
A number of analysts have not too long ago weighed in on Paycom Software program, with BMO Capital Markets and Credit score Suisse Group elevating their value targets for the inventory. Robert W. Baird, however, lowered its value goal.
Paycom Software program inventory opened at $295.79 and has a market capitalization of $17.89 billion. The corporate reported $1.01 earnings per share for the final quarter and is predicted to publish 6.1 EPS for the present fiscal 12 months.
Paycom Software program has additionally introduced a quarterly dividend of $0.375 per share, payable on September eleventh to buyers of report on August twenty eighth.
Paycom Software program gives cloud-based human capital administration options for small to mid-sized firms in the US.
– Securities and Alternate Fee (SEC)