In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Paycom Software Inc. (NYSE:PAYC) reported that Brown Capital Management Llc. has picked up 3,100,331 of common stock as of 2017-06-09.
The acquisition brings the aggregate amount owned by Brown Capital Management Llc. to a total of 3,100,331 representing less than 5.22% stake in the company.
For those not familiar with the company, Paycom Software, Inc. is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA. The Company’s solution allows clients to analyze employee information to make business decisions. The Company’s HCM solution offers a range of applications, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management.
A glance at Paycom Software Inc. (NYSE:PAYC)’s key stats reveals a current market capitalization of 3.70 Billion based on 59.43 Million shares outstanding and a price at last close of $65.56 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-13, Richison picked up 25,000 at a purchase price of $45.73. This brings their total holding to 4,076,220 as of the date of the filing.
On the sell side, the most recent transaction saw Kerber unload 14,800 shares at a sale price of $66.60. This brings their total holding to 359,677.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Paycom Software Inc. (NYSE:PAYC) as things move forward to see if its progress aligns with these transactions.
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