Paycom Software Inc (NYSE:PAYC) Director Robert J. Levenson sold 18,750 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total value of $1,666,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Paycom Software Inc (NYSE PAYC) traded up $1.16 during midday trading on Monday, reaching $84.51. The company had a trading volume of 952,245 shares, compared to its average volume of 771,959. Paycom Software Inc has a fifty-two week low of $50.68 and a fifty-two week high of $93.61. The firm has a market capitalization of $5,000.00, a PE ratio of 74.13, a P/E/G ratio of 2.07 and a beta of 1.70. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Paycom Software had a return on equity of 45.18% and a net margin of 15.43%. The business had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. sell-side analysts predict that Paycom Software Inc will post 1.56 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. grew its stake in Paycom Software by 1.4% during the second quarter. 1st Global Advisors Inc. now owns 5,567 shares of the software maker’s stock worth $381,000 after purchasing an additional 75 shares during the period. Suntrust Banks Inc. grew its stake in Paycom Software by 0.6% during the second quarter. Suntrust Banks Inc. now owns 14,130 shares of the software maker’s stock worth $966,000 after purchasing an additional 91 shares during the period. PNC Financial Services Group Inc. grew its stake in Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after acquiring an additional 150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Paycom Software by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after acquiring an additional 167 shares during the period. Finally, Citigroup Inc. grew its stake in Paycom Software by 0.3% in the second quarter. Citigroup Inc. now owns 111,650 shares of the software maker’s stock valued at $7,638,000 after acquiring an additional 282 shares during the period. 87.12% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on PAYC shares. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of Paycom Software in a research report on Friday, November 3rd. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Friday, November 3rd. Wells Fargo & Co set a $89.00 price objective on Paycom Software and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $82.00 price objective on shares of Paycom Software in a research report on Wednesday, November 1st. Finally, Oppenheimer restated a “buy” rating and set a $88.00 price objective (up from $75.00) on shares of Paycom Software in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $87.94.
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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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