Waddell & Reed Financial Has Decreased Paycom Software (PAYC) Position; Employers Holdings (EIG) SI Increased By 5.49%

April 17, 2018 - By Adrian Mccoy

Employers Holdings, Inc. (NYSE:EIG) Logo

Waddell & Reed Financial Inc decreased Paycom Software Inc (PAYC) stake by 11.28% reported in 2017Q4 SEC filing. Waddell & Reed Financial Inc sold 80,930 shares as Paycom Software Inc (PAYC)’s stock rose 33.33%. The Waddell & Reed Financial Inc holds 636,808 shares with $51.16 million value, down from 717,738 last quarter. Paycom Software Inc now has $6.85 billion valuation. The stock increased 3.52% or $3.94 during the last trading session, reaching $115.95. About 661,749 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 92.63% since April 17, 2017 and is uptrending. It has outperformed by 81.08% the S&P500.

Employers Holdings Inc (NYSE:EIG) had an increase of 5.49% in short interest. EIG’s SI was 505,700 shares in April as released by FINRA. Its up 5.49% from 479,400 shares previously. With 181,800 avg volume, 3 days are for Employers Holdings Inc (NYSE:EIG)’s short sellers to cover EIG’s short positions. The SI to Employers Holdings Inc’s float is 1.6%. The stock decreased 0.24% or $0.1 during the last trading session, reaching $41.85. About 91,230 shares traded. Employers Holdings, Inc. (NYSE:EIG) has risen 8.87% since April 17, 2017 and is uptrending. It has underperformed by 2.68% the S&P500.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.05, from 1.15 in 2017Q3. It improved, as 13 investors sold Employers Holdings, Inc. shares while 52 reduced holdings. 27 funds opened positions while 51 raised stakes. 24.94 million shares or 0.21% less from 25.00 million shares in 2017Q3 were reported. Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0% in Employers Holdings, Inc. (NYSE:EIG). Employees Retirement System Of Texas has invested 0.01% of its portfolio in Employers Holdings, Inc. (NYSE:EIG). Wisconsin-based Mason Street Advisors Ltd Llc has invested 0.01% in Employers Holdings, Inc. (NYSE:EIG). Stone Ridge Asset Limited accumulated 13,449 shares. New York State Common Retirement Fund reported 0% stake. Swiss Bancshares owns 0% invested in Employers Holdings, Inc. (NYSE:EIG) for 55,200 shares. Teachers Retirement System Of The State Of Kentucky invested in 11,200 shares. Hsbc Holdg Public Limited holds 0% in Employers Holdings, Inc. (NYSE:EIG) or 19,984 shares. First Allied Advisory Inc has invested 0.01% of its portfolio in Employers Holdings, Inc. (NYSE:EIG). Prudential Fincl has invested 0.02% in Employers Holdings, Inc. (NYSE:EIG). 19,115 are held by Numeric Ltd Co. Piedmont Invest Advisors Ltd Liability Corp holds 6,665 shares or 0.01% of its portfolio. The Germany-based Deutsche Bank & Trust Ag has invested 0.01% in Employers Holdings, Inc. (NYSE:EIG). Alphamark Advsrs Limited Liability Corp reported 20,298 shares. D E Shaw Company accumulated 0% or 31,197 shares.

Since December 15, 2017, it had 0 buys, and 5 selling transactions for $950,776 activity. Another trade for 12,000 shares valued at $561,420 was sold by Nelson John P. $58,002 worth of Employers Holdings, Inc. (NYSE:EIG) shares were sold by Ormsby Lenard T.

Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company has market cap of $1.37 billion. It offers workers' compensation insurance to small businesses in low to medium hazard industries. It has a 13.68 P/E ratio. The firm markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.

Among 3 analysts covering Employers Holdings (NYSE:EIG), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Employers Holdings had 3 analyst reports since December 2, 2016 according to SRatingsIntel. The stock of Employers Holdings, Inc. (NYSE:EIG) earned “Sell” rating by Buckingham Research on Monday, September 11. Macquarie Research downgraded the stock to “Neutral” rating in Friday, December 2 report. SunTrust maintained the shares of EIG in report on Thursday, October 26 with “Buy” rating.

Waddell & Reed Financial Inc increased Wabtec Corp (NYSE:WAB) stake by 5,000 shares to 1.03M valued at $83.67 million in 2017Q4. It also upped Integrated Device Technology (NASDAQ:IDTI) stake by 74,260 shares and now owns 2.65M shares. Oge Energy Corp (NYSE:OGE) was raised too.

Among 18 analysts covering Paycom Software (NYSE:PAYC), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Paycom Software had 67 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Paycom Software, Inc. (NYSE:PAYC) on Wednesday, July 19 with “Hold” rating. On Wednesday, February 7 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $50 target in Thursday, June 16 report. The firm has “Neutral” rating by Credit Suisse given on Wednesday, February 7. On Wednesday, January 6 the stock rating was upgraded by Barclays Capital to “Overweight”. Oppenheimer maintained the shares of PAYC in report on Wednesday, November 1 with “Outperform” rating. As per Wednesday, February 7, the company rating was maintained by Barclays Capital. The stock has “Sector Weight” rating by Pacific Crest on Monday, January 30. The company was maintained on Monday, June 26 by Canaccord Genuity. The firm earned “Neutral” rating on Wednesday, November 1 by JP Morgan.

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on May, 1 after the close. They expect $0.78 earnings per share, up 77.27% or $0.34 from last year’s $0.44 per share. PAYC’s profit will be $46.07M for 37.16 P/E if the $0.78 EPS becomes a reality. After $0.24 actual earnings per share reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts 225.00% EPS growth.

Employers Holdings, Inc. (NYSE:EIG) Institutional Positions Chart

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