Paycom Software, Inc. (NYSE:PAYC) has received an average recommendation of “Buy” from the twenty analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $84.06.
A number of analysts recently issued reports on the company. Canaccord Genuity boosted their price objective on Paycom Software from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. KeyCorp boosted their price objective on Paycom Software to $94.00 in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $74.00 price objective (up from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. boosted their price objective on Paycom Software from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Friday, August 25th.
Paycom Software (NYSE PAYC) traded up $1.70 during trading hours on Thursday, hitting $85.14. The company had a trading volume of 996,751 shares, compared to its average volume of 593,586. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. Paycom Software has a 12 month low of $41.98 and a 12 month high of $85.40. The company has a market cap of $5,040.00, a price-to-earnings ratio of 76.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. sell-side analysts predict that Paycom Software will post 0.82 EPS for the current fiscal year.
In other news, insider Jeffrey D. York sold 40,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.02, for a total value of $750,200.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock valued at $4,564,520 over the last quarter. Company insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Paycom Software by 14.4% in the 3rd quarter. California Public Employees Retirement System now owns 43,696 shares of the software maker’s stock worth $3,275,000 after purchasing an additional 5,496 shares in the last quarter. Granahan Investment Management Inc. MA boosted its holdings in shares of Paycom Software by 2.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 121,133 shares of the software maker’s stock worth $9,080,000 after purchasing an additional 2,737 shares in the last quarter. Jackson Square Partners LLC boosted its holdings in shares of Paycom Software by 3.6% in the 3rd quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock worth $76,418,000 after purchasing an additional 35,855 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Paycom Software by 42.2% in the 3rd quarter. Stifel Financial Corp now owns 12,630 shares of the software maker’s stock worth $946,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Paycom Software by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 945,552 shares of the software maker’s stock worth $70,878,000 after purchasing an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.
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Paycom Software Company Profile
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.
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