Paycom Software Inc (NYSE:PAYC) Director Robert J. Levenson sold 18,750 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total value of $1,666,687.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Paycom Software Inc (PAYC) opened at $91.19 on Friday. Paycom Software Inc has a 52 week low of $42.52 and a 52 week high of $91.79. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5,400.00, a P/E ratio of 86.03, a PEG ratio of 2.86 and a beta of 1.67.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. analysts expect that Paycom Software Inc will post 0.82 EPS for the current fiscal year.
Several research analysts have commented on PAYC shares. Zacks Investment Research raised Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Paycom Software in a research note on Friday, November 3rd. Bank of America assumed coverage on Paycom Software in a research note on Monday, November 6th. They issued a “buy” rating and a $92.00 price objective for the company. Dougherty & Co assumed coverage on Paycom Software in a research note on Tuesday, October 31st. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Paycom Software in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $84.33.
A number of large investors have recently added to or reduced their stakes in the business. Capital World Investors increased its position in Paycom Software by 6.7% during the 2nd quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock valued at $452,389,000 after purchasing an additional 415,000 shares during the period. Vanguard Group Inc. increased its position in Paycom Software by 6.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock valued at $255,023,000 after purchasing an additional 236,334 shares during the period. BlackRock Inc. increased its position in Paycom Software by 12.7% during the 2nd quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock valued at $205,302,000 after purchasing an additional 338,351 shares during the period. JPMorgan Chase & Co. increased its position in Paycom Software by 96.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock valued at $87,664,000 after purchasing an additional 574,658 shares during the period. Finally, Jackson Square Partners LLC increased its position in Paycom Software by 3.6% during the 3rd quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock valued at $76,418,000 after purchasing an additional 35,855 shares during the period. 88.41% of the stock is owned by institutional investors and hedge funds.
About Paycom Software
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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