As Paycom Software (PAYC) Share Price Rose, Grandeur Peak Global Advisors Trimmed Stake; As General Electric (GE) Market Valuation Declined, Holder Nordea Investment Management Ab Has Lowered Its Stake

December 7, 2017 - By Hazel Jackson

Grandeur Peak Global Advisors Llc decreased its stake in Paycom Software Inc (PAYC) by 4.05% based on its latest 2017Q2 regulatory filing with the SEC. Grandeur Peak Global Advisors Llc sold 4,850 shares as the company’s stock rose 21.56% with the market. The institutional investor held 114,800 shares of the technology company at the end of 2017Q2, valued at $7.85 million, down from 119,650 at the end of the previous reported quarter. Grandeur Peak Global Advisors Llc who had been investing in Paycom Software Inc for a number of months, seems to be less bullish one the $4.49 billion market cap company. The stock increased 1.04% or $0.79 during the last trading session, reaching $77.05. About 604,907 shares traded or 20.32% up from the average. Paycom Software, Inc. (NYSE:PAYC) has risen 61.78% since December 7, 2016 and is uptrending. It has outperformed by 45.08% the S&P500.

Nordea Investment Management Ab decreased its stake in General Electric (GE) by 2.12% based on its latest 2017Q2 regulatory filing with the SEC. Nordea Investment Management Ab sold 62,660 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 2.89 million shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $78.19 million, down from 2.96 million at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in General Electric for a number of months, seems to be less bullish one the $153.15B market cap company. The stock decreased 0.56% or $0.1 during the last trading session, reaching $17.66. About 43.91 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since December 7, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.03, from 0.82 in 2017Q1. It dropped, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Middleton Co Inc Ma holds 98,080 shares or 0.56% of its portfolio. Blume Capital Management owns 211,681 shares. Williams Jones & Associates Ltd Liability Company owns 472,595 shares. Moreover, Westfield LP has 0% invested in General Electric Company (NYSE:GE) for 13,538 shares. Whitnell And has 0.84% invested in General Electric Company (NYSE:GE) for 70,459 shares. Van Cleef Asset Managementinc holds 113,715 shares. Macguire Cheswick & Tuttle Inv Counsel Limited Liability has 0.3% invested in General Electric Company (NYSE:GE) for 55,513 shares. Bouchey Finance Grp Ltd stated it has 1.14% in General Electric Company (NYSE:GE). Lafleur & Godfrey Ltd Liability, Michigan-based fund reported 9,116 shares. Aviance Cap Partners Ltd Liability Company invested in 0.22% or 24,736 shares. The California-based Jacobs And Ca has invested 1.44% in General Electric Company (NYSE:GE). Moors & Cabot stated it has 397,031 shares. Miracle Mile Advisors Ltd Company invested in 0.05% or 9,781 shares. Bsw Wealth Partners holds 0.42% of its portfolio in General Electric Company (NYSE:GE) for 33,987 shares. Ancora Ltd invested in 168,592 shares or 0.29% of the stock.

Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. Therefore 40% are positive. General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by RBC Capital Markets on Wednesday, October 11. As per Tuesday, July 21, the company rating was upgraded by TheStreet. The rating was maintained by Bernstein with “Market Perform” on Tuesday, July 26. Credit Suisse upgraded General Electric Company (NYSE:GE) on Wednesday, September 16 to “Focus List” rating. The rating was upgraded by Standpoint Research on Thursday, June 29 to “Hold”. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 23. On Friday, December 16 the stock rating was upgraded by Bernstein to “Outperform”. The company was maintained on Friday, April 21 by Cowen & Co. Credit Suisse maintained the shares of GE in report on Thursday, October 5 with “Outperform” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 25.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Be Smart, And Follow The Smart Money” on November 28, 2017, also Fool.com with their article: “Why General Electric Company Stock Slumped 9.3% in November” published on December 04, 2017, Cnbc.com published: “GE shares plunge 7% for biggest decline since housing recession after …” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: “Low-End Earnings Growth Make General Electric (GE) a Strong Sell” published on December 06, 2017 as well as Forbes.com‘s news article titled: “Insiders Sell Big Box Retailer Wal-Mart, Buy General Electric” with publication date: December 04, 2017.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 EPS, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43B for 15.77 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Nordea Investment Management Ab, which manages about $39.70 billion US Long portfolio, upped its stake in Emergent Biosolutions (NYSE:EBS) by 13,379 shares to 62,082 shares, valued at $2.11M in 2017Q2, according to the filing. It also increased its holding in America Movil Adr (NYSE:AMX) by 49,478 shares in the quarter, for a total of 372,511 shares, and has risen its stake in Carmax (NYSE:KMX).

Among 18 analysts covering Paycom Software (NYSE:PAYC), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Paycom Software had 54 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Hold” rating by Mizuho on Thursday, October 12. On Monday, July 10 the stock rating was downgraded by Mizuho to “Neutral”. The stock has “Overweight” rating by Barclays Capital on Wednesday, November 1. Canaccord Genuity maintained the stock with “Buy” rating in Monday, June 26 report. Barclays Capital maintained the stock with “Overweight” rating in Friday, July 15 report. As per Wednesday, September 13, the company rating was maintained by Barclays Capital. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, November 1 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 16. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Overweight” rating by Barclays Capital on Wednesday, January 6. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 1.

Grandeur Peak Global Advisors Llc, which manages about $1.61B and $692.42M US Long portfolio, upped its stake in Kinsale Capital Group Inc by 39,675 shares to 174,400 shares, valued at $6.51M in 2017Q2, according to the filing. It also increased its holding in Eplus Inc (NASDAQ:PLUS) by 4,078 shares in the quarter, for a total of 12,681 shares, and has risen its stake in Power Integrations Inc (NASDAQ:POWI).

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on February, 14. They expect $0.15 earnings per share, 0.00% or $0.00 from last year’s $0.15 per share. PAYC’s profit will be $8.74 million for 128.42 P/E if the $0.15 EPS becomes a reality. After $0.24 actual earnings per share reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.

More recent Paycom Software, Inc. (NYSE:PAYC) news were published by: Zacks.com which released: “Why the Earnings Streak Will Continue for Paycom Software (PAYC) December 05, 2017” on December 05, 2017. Also Nasdaq.com published the news titled: “Pembroke Management, LTD Buys Tucows Inc, Westport Fuel Systems Inc, Paycom …” on November 09, 2017. Fool.com‘s news article titled: “Paycom Software Delivers Yet Another Beat-and-Raise Quarter” with publication date: November 08, 2017 was also an interesting one.

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