Bailard Inc. grew its position in shares of Paycom Software, Inc. (NYSE:PAYC – Get Rating) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,691 shares of the software maker’s stock after purchasing an additional 199 shares during the period. Bailard Inc.’s holdings in Paycom Software were worth $3,858,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAYC. BlackRock Inc. raised its stake in shares of Paycom Software by 11.5% during the first quarter. BlackRock Inc. now owns 5,967,962 shares of the software maker’s stock valued at $2,067,181,000 after purchasing an additional 615,839 shares during the period. Allianz Asset Management GmbH grew its position in shares of Paycom Software by 297.5% during the second quarter. Allianz Asset Management GmbH now owns 578,175 shares of the software maker’s stock worth $161,958,000 after buying an additional 432,727 shares in the last quarter. FMR LLC grew its position in shares of Paycom Software by 130.8% during the second quarter. FMR LLC now owns 700,963 shares of the software maker’s stock worth $196,353,000 after buying an additional 397,296 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Paycom Software by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 877,824 shares of the software maker’s stock worth $304,061,000 after buying an additional 283,892 shares in the last quarter. Finally, Alyeska Investment Group LP grew its position in shares of Paycom Software by 156.4% during the first quarter. Alyeska Investment Group LP now owns 456,317 shares of the software maker’s stock worth $158,059,000 after buying an additional 278,342 shares in the last quarter. Hedge funds and other institutional investors own 88.58% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Paycom Software from $339.00 to $343.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 18th. Cowen raised their price target on shares of Paycom Software from $365.00 to $381.00 in a research report on Wednesday, November 2nd. Credit Suisse Group raised their price target on shares of Paycom Software from $425.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Wolfe Research raised their price target on shares of Paycom Software from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Finally, Citigroup lifted their price objective on shares of Paycom Software from $393.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.13.

Paycom Software Stock Performance

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Shares of PAYC opened at $305.17 on Monday. Paycom Software, Inc. has a 1 year low of $255.82 and a 1 year high of $429.93. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 70.81, a price-to-earnings-growth ratio of 2.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $322.64 and a 200-day moving average of $328.10.

Paycom Software Company Profile

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Paycom Software, Inc provides a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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