Paycom Software Inc (NYSE:PAYC) Director Robert J. Levenson sold 18,750 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total transaction of $1,666,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Paycom Software Inc (NYSE:PAYC) traded up $0.45 during mid-day trading on Friday, reaching $83.35. 1,325,296 shares of the company traded hands, compared to its average volume of 880,617. Paycom Software Inc has a 1 year low of $50.68 and a 1 year high of $93.61. The stock has a market cap of $4,816.71, a P/E ratio of 73.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.70. 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 (NYSE:PAYC) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The firm had revenue of $114.00 million during the quarter, compared to the consensus estimate of $113.01 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Paycom Software’s revenue for the quarter was up 29.8% on a year-over-year basis. research analysts anticipate that Paycom Software Inc will post 1.56 EPS for the current year.
Several research analysts have recently issued reports on PAYC shares. Bank of America started coverage on shares of Paycom Software in a report on Monday, November 6th. They issued a “buy” rating and a $92.00 target price for the company. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, November 3rd. Oppenheimer restated a “buy” rating and issued a $88.00 target price (up previously from $75.00) on shares of Paycom Software in a report on Wednesday, November 1st. Dougherty & Co started coverage on shares of Paycom Software in a report on Tuesday, October 31st. They issued a “buy” rating and a $100.00 target price for the company. Finally, Royal Bank of Canada restated a “hold” rating and issued a $74.00 target price on shares of Paycom Software in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Paycom Software has an average rating of “Buy” and a consensus price target of $87.94.
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised 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 worth $87,664,000 after buying an additional 574,658 shares during the last quarter. Capital World Investors raised 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 worth $452,389,000 after buying an additional 415,000 shares during the last quarter. BlackRock Inc. raised 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 worth $205,302,000 after buying an additional 338,351 shares during the last quarter. New York State Common Retirement Fund raised its position in Paycom Software by 60.3% during the 2nd quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock worth $51,229,000 after buying an additional 281,778 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in Paycom Software during the 2nd quarter worth $271,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.
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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