News stories about Paycom Software (NYSE:PAYC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Paycom Software earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.8400940310826 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Global Report – Core HR Software Market Forecast 2018-2025 Corehr, IBM, Ceridian HCM, SAP, Paychex, Oracle (openpr.com)
- $0.49 EPS Expected for Paycom Software Inc (PAYC) This Quarter (americanbankingnews.com)
- Paycom Software Inc (PAYC) CFO Sells $1,333,704.00 in Stock (americanbankingnews.com)
- Oklahoma business briefs for June 8. (newsok.com)
Paycom Software stock traded up $1.95 during midday trading on Thursday, reaching $113.67. 882,200 shares of the company’s stock were exchanged, compared to its average volume of 745,381. Paycom Software has a 52 week low of $64.50 and a 52 week high of $118.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $6.30 billion, a P/E ratio of 129.17, a PEG ratio of 2.39 and a beta of 1.41.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Paycom Software had a return on equity of 42.85% and a net margin of 17.62%. The business had revenue of $153.92 million during the quarter, compared to analysts’ expectations of $151.42 million. During the same quarter last year, the company posted $0.47 earnings per share. Paycom Software’s quarterly revenue was up 28.8% on a year-over-year basis. research analysts forecast that Paycom Software will post 1.83 earnings per share for the current year.
PAYC has been the subject of several recent analyst reports. ValuEngine upgraded Paycom Software from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Dougherty & Co boosted their price objective on Paycom Software from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price target on shares of Paycom Software in a report on Wednesday, May 2nd. Barclays increased their target price on Paycom Software from $115.00 to $117.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 2nd. Finally, First Analysis cut Paycom Software from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $108.00 to $122.00 in a report on Wednesday, May 2nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Paycom Software has a consensus rating of “Buy” and a consensus price target of $102.29.
In other Paycom Software news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $104.27, for a total transaction of $5,213,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacey M. Pezold sold 58,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $111.20, for a total transaction of $6,449,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,950 shares of company stock valued at $15,028,179. 16.24% of the stock is owned by company insiders.
About Paycom Software
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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