Pembroke Management LTD Has Lifted Its Position in Paycom Software (PAYC) by $6.10 Million; Twenty First Centy Fox (FOXA) Shareholder Junto Capital Management LP Cut Its Stake by $19.84 Million

January 17, 2018 - By Neil V. Hobbs

Pembroke Management Ltd increased its stake in Paycom Software (PAYC) by 48.41% based on its latest 2017Q3 regulatory filing with the SEC. Pembroke Management Ltd bought 82,400 shares as the company’s stock rose 21.56% with the market. The institutional investor held 252,600 shares of the technology company at the end of 2017Q3, valued at $18.94M, up from 170,200 at the end of the previous reported quarter. Pembroke Management Ltd who had been investing in Paycom Software for a number of months, seems to be bullish on the $5.14B market cap company. The stock increased 1.43% or $1.24 during the last trading session, reaching $88.19. About 209,364 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 61.78% since January 17, 2017 and is uptrending. It has outperformed by 45.08% the S&P500.

Junto Capital Management Lp decreased its stake in Twenty First Centy Fox Inc (FOXA) by 59.69% based on its latest 2017Q3 regulatory filing with the SEC. Junto Capital Management Lp sold 763,186 shares as the company’s stock declined 10.68% while stock markets rallied. The institutional investor held 515,455 shares of the consumer services company at the end of 2017Q3, valued at $13.60M, down from 1.28M at the end of the previous reported quarter. Junto Capital Management Lp who had been investing in Twenty First Centy Fox Inc for a number of months, seems to be less bullish one the $67.49 billion market cap company. The stock increased 1.16% or $0.42 during the last trading session, reaching $36.71. About 2.72M shares traded. Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has declined 2.90% since January 17, 2017 and is downtrending. It has underperformed by 19.60% the S&P500.

Pembroke Management Ltd, which manages about $2.77B and $1.02 billion US Long portfolio, decreased its stake in Gtt Communications (NYSE:GTT) by 131,300 shares to 861,576 shares, valued at $27.27M in 2017Q3, according to the filing. It also reduced its holding in Mgp Ingredients Inc (NASDAQ:MGPI) by 61,400 shares in the quarter, leaving it with 132,265 shares, and cut its stake in Hemisphere Media G (NASDAQ:HMTV).

Among 18 analysts covering Paycom Software (NYSE:PAYC), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Paycom Software had 55 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 2 by Canaccord Genuity. The firm has “Sector Weight” rating by Pacific Crest given on Monday, January 30. The firm earned “Buy” rating on Thursday, February 18 by Wunderlich. The firm earned “Buy” rating on Sunday, July 30 by Canaccord Genuity. The firm earned “Neutral” rating on Wednesday, November 1 by JP Morgan. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, August 2 report. RBC Capital Markets maintained it with “Hold” rating and $74.0 target in Sunday, September 3 report. The firm has “Hold” rating by Mizuho given on Thursday, October 12. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Buy” rating by Northland Capital on Thursday, January 11. The firm earned “Outperform” rating on Thursday, January 7 by Robert W. Baird.

Among 33 analysts covering Twenty-First Century Fox Inc (NASDAQ:FOXA), 21 have Buy rating, 1 Sell and 11 Hold. Therefore 64% are positive. Twenty-First Century Fox Inc had 97 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Pivotal Research given on Tuesday, October 20. The firm has “Outperform” rating by Wells Fargo given on Tuesday, January 3. The stock has “Buy” rating by Jefferies on Monday, July 17. Needham maintained the stock with “Hold” rating in Friday, September 8 report. The rating was downgraded by Telsey Advisory Group on Monday, December 12 to “Market Perform”. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has “Buy” rating given on Wednesday, February 1 by Moffett Nathanson. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Hold” rating by Pivotal Research on Tuesday, January 9. Credit Suisse maintained the shares of FOXA in report on Monday, May 23 with “Outperform” rating. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Neutral” rating by Moffett Nathanson on Monday, December 12. As per Monday, August 21, the company rating was maintained by Jefferies.

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