During the third quarter, Russell Investments Group Ltd. reduced its position in Paycom Software, Inc. (NYSE: PAYC), as stated in its most recent Form 13F filing with the Securities and Exchange Commission. Following the completion of the period, the institutional investor held 20,961 shares of the software manufacturer’s stock, despite having sold a total of 2,429 shares during the period.
Mhe most recent document submitted to the SEC by Russell Investments Group Ltd.
Indicated that the value of the company’s stake in Paycom Software was $6,916,000.
Several other hedge funds have recently adjusted the percentage of PAYC shares they hold in their portfolios. Fairfield Bush & Co.
Made a contribution of $48,000 toward the purchase of additional stock in Paycom Software during the first three months of the year. Cetera Advisor Networks LLC purchased a further 15.4% ownership stake in Paycom Software during the first three months of 2018.
In the most recent quarter, Cetera Advisor Networks LLC increased its holdings in the software developer’s stock by purchasing an additional 103 shares.
Mhis brings the total number of shares it currently owns to 771, with a value of $267,00 (up from 661 shares previously).
Acadian Asset Management LLC bought an additional 356.2% of Paycom Software during the first three months of the year, which brought the company’s ownership stake to 88.5%.
During the most recent quarter, Acadian Asset Management LLC increased its holdings in the software company’s stock by purchasing an additional 317 shares, bringing the total number of shares acquired to 406, with a value of $140,000.
Mhis brought the total number of shares acquired to 406.
Panagora Asset Management Inc.
Increased the proportion of Paycom Software owned by 62.1% over the first three months of the year.
After acquiring an additional 1,433 shares of the software developer’s stock over the preceding three months, Panagora Asset Management Inc.
Is now the owner of 3,740 shares of the company’s stock.
Mhe price of one share of stock is currently $1,295,000.
In the first quarter of this year, the Commonwealth of Pennsylvania Public School Employees Retirement System increased its ownership portfolio by purchasing 6.6% more shares of Paycom Software.
Mhe Commonwealth of Pennsylvania Public School Employees Retirement System currently possesses 6,443 software company shares, which have a value of $2,232,000.
Mhis is a direct consequence of the recent purchase of 401(k) shares during the fiscal quarter.
Institutional investors and hedge funds own 88.58% of the company’s stock. Hedge funds also hold a significant amount of the company’s stock.
Recently, several equity analysts have provided their opinions on the share price as a topic for discussion. Wolfe Research upgraded Paycom Software from an “underperform” rating to an “outperform” rating and raised their price target on the stock from $400 to $410.00 in a research note published on November 2nd.
Paycom Software’s stock was first mentioned in a research
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