Paycom Software, Inc. (PAYC) Reaches $114.64 After 3.00% Up Move; Darsana Capital Partners LP Has Upped By $40.63 Million Its Autodesk (ADSK) Stake

June 14, 2018 - By Maria Brooks

Autodesk, Inc. (NASDAQ:ADSK) Logo

The stock of Paycom Software, Inc. (NYSE:PAYC) is a huge mover today! The stock increased 2.62% or $2.92 during the last trading session, reaching $114.64. About 306,700 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 57.82% since June 14, 2017 and is uptrending. It has outperformed by 45.25% the S&P500. Some Historical PAYC News: ; 29/05/2018 – Paycom Announces Latest Expansion in Columbus; 01/05/2018 – Paycom Software 1Q Net $41.3M; 25/04/2018 – Paycom to Participate in Upcoming Investor Conferences; 17/04/2018 – Paycom Appoints Chief Operating Officer, Chief Information Officer; 01/05/2018 – PAYCOM SOFTWARE SEES 2Q REV. $123.0M TO $125.0M; 16/05/2018 – Sylebra HK Co Exits Position in Paycom Software; 01/05/2018 – Paycom Software 1Q Adj EPS 95c; 05/04/2018 – Rochester Becomes Paycom’s Latest Sales Office Opening; 17/04/2018 – PAYCOM SOFTWARE APPOINTS JON EVANS AS COO; 01/05/2018 – Paycom Software Sees 2Q Rev $123M-$125MThe move comes after 5 months positive chart setup for the $6.77B company. It was reported on Jun, 14 by Barchart.com. We have $118.08 PT which if reached, will make NYSE:PAYC worth $203.13 million more.

Darsana Capital Partners Lp increased Autodesk Inc (ADSK) stake by 17.57% reported in 2018Q1 SEC filing. Darsana Capital Partners Lp acquired 325,000 shares as Autodesk Inc (ADSK)’s stock rose 13.54%. The Darsana Capital Partners Lp holds 2.18 million shares with $273.14M value, up from 1.85M last quarter. Autodesk Inc now has $30.53 billion valuation. The stock increased 1.58% or $2.17 during the last trading session, reaching $139.33. About 709,938 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 16.56% since June 14, 2017 and is uptrending. It has outperformed by 3.99% the S&P500. Some Historical ADSK News: ; 24/05/2018 – Autodesk 1Q Loss $82.4M; 24/05/2018 – Earnings Roundup: Nutanix, Autodesk Sag as Reports Fail to Impress — Barron’s Blog; 16/04/2018 – Autodesk: Michael L. Mark Won’t Stand for Re-Election to Board; 07/03/2018 – AUTODESK INC ADSK.O : COWEN RAISES TARGET PRICE TO $140 FROM $130; RATING OUTPERFORM; 24/05/2018 – AUTODESK INC – QTRLY TOTAL NET REVENUE $559.9 MLN VS $485.7 MLN; 29/05/2018 – ORDERFOX.com and Autodesk — A Collaboration Increasing Benefits to New and Existing Users; 21/03/2018 – Autodesk Names Karen Blasing to Board; 06/03/2018 – Autodesk 4Q Loss $173.5M; 07/03/2018 – BUZZ-U.S. STOCKS ON THE MOVE-Dollar Tree, Autodesk, H & R Block, Abercrombie & Fitch; 24/05/2018 – AUTODESK 1Q ADJ EPS 6C, EST. 3C

Investors sentiment decreased to 1.04 in 2018 Q1. Its down 0.04, from 1.08 in 2017Q4. It fall, as 54 investors sold ADSK shares while 179 reduced holdings. 84 funds opened positions while 158 raised stakes. 201.43 million shares or 1.64% less from 204.78 million shares in 2017Q4 were reported. California State Teachers Retirement Sys has invested 0.09% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Ledyard Bankshares stated it has 0.01% in Autodesk, Inc. (NASDAQ:ADSK). Huntington Bank owns 0.02% invested in Autodesk, Inc. (NASDAQ:ADSK) for 10,664 shares. Fiduciary Tru Communication invested 0.02% in Autodesk, Inc. (NASDAQ:ADSK). Assetmark Inc, California-based fund reported 99 shares. Perigon Wealth Mngmt Ltd Llc invested in 202 shares. Commerzbank Aktiengesellschaft Fi accumulated 0.05% or 35,553 shares. Raymond James Fincl accumulated 13,302 shares. Brandywine Managers Limited Liability Company has invested 0.5% in Autodesk, Inc. (NASDAQ:ADSK). Korea-based Korea has invested 0.25% in Autodesk, Inc. (NASDAQ:ADSK). Sector Pension Investment Board invested in 0.01% or 12,223 shares. Tekne Mgmt Ltd Liability Corp has 9.96% invested in Autodesk, Inc. (NASDAQ:ADSK) for 295,905 shares. Neuberger Berman Grp Inc Limited Co invested in 0.21% or 1.44M shares. The California-based Gamble Jones Inv Counsel has invested 0.87% in Autodesk, Inc. (NASDAQ:ADSK). Two Sigma Secs Limited Liability Corp accumulated 12,049 shares.

Among 27 analysts covering Autodesk Inc. (NASDAQ:ADSK), 18 have Buy rating, 3 Sell and 6 Hold. Therefore 67% are positive. Autodesk Inc. had 126 analyst reports since August 4, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of ADSK in report on Wednesday, August 5 to “Buy” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, November 10 report. As per Wednesday, December 7, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Friday, May 25 by Bank of America. Robert W. Baird maintained the stock with “Outperform” rating in Friday, August 26 report. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Overweight” rating given on Friday, August 25 by KeyBanc Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, March 29. The firm has “Buy” rating given on Wednesday, March 7 by RBC Capital Markets. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 19. Evercore initiated Autodesk, Inc. (NASDAQ:ADSK) on Thursday, September 15 with “Buy” rating.

Since March 7, 2018, it had 0 insider purchases, and 9 selling transactions for $7.94 million activity. 13,870 Autodesk, Inc. (NASDAQ:ADSK) shares with value of $1.84M were sold by Blum Steven M. 1,500 shares valued at $199,665 were sold by BEVERIDGE CRAWFORD W on Wednesday, March 7. Di Fronzo Pascal W sold $48,329 worth of stock or 388 shares. 223 shares were sold by Underwood Paul D., worth $27,777. Anagnost Andrew also sold $2.57M worth of Autodesk, Inc. (NASDAQ:ADSK) shares.

More recent Autodesk, Inc. (NASDAQ:ADSK) news were published by: Seekingalpha.com which released: “Autodesk: A Transition Creating Real Shareholder Value” on May 29, 2018. Also Seekingalpha.com published the news titled: “Goldman Sachs raises Autodesk price target after earnings” on May 25, 2018. Seekingalpha.com‘s news article titled: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” with publication date: May 25, 2018 was also an interesting one.

More news for Paycom Software, Inc. (NYSE:PAYC) were recently published by: Bizjournals.com, which released: “Paycom to relocate Texas operations center to Grapevine in 1000-job move” on June 07, 2018. Fool.com‘s article titled: “10 Reasons Why I’m Selling All of My Apple Stock” and published on June 10, 2018 is yet another important article.

Among 19 analysts covering Paycom Software (NYSE:PAYC), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Paycom Software had 71 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 12. The company was maintained on Wednesday, February 7 by Bank of America. The firm has “Buy” rating given on Tuesday, February 6 by Jefferies. RBC Capital Markets maintained the shares of PAYC in report on Wednesday, July 19 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Tuesday, September 5. Oppenheimer maintained Paycom Software, Inc. (NYSE:PAYC) on Wednesday, November 1 with “Outperform” rating. The rating was maintained by Jefferies on Friday, October 6 with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, January 17 with “Hold”. Mizuho maintained it with “Hold” rating and $85.0 target in Tuesday, January 23 report. The firm has “Neutral” rating given on Monday, July 10 by Mizuho.

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on August, 7. They expect $0.36 EPS, up 50.00% or $0.12 from last year’s $0.24 per share. PAYC’s profit will be $21.26M for 79.61 P/E if the $0.36 EPS becomes a reality. After $0.69 actual EPS reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts -47.83% negative EPS growth.

Paycom Software, Inc. provides cloud human capital management software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States. The company has market cap of $6.77 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It currently has negative earnings. The company??s HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, E-Verify, and tax credit service applications; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking applications.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

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