Royal Bank Of Canada reaffirmed their hold rating on shares of Paycom Software, Inc. (NYSE:PAYC) in a research report sent to investors on Wednesday, October 18th. Royal Bank Of Canada currently has a $74.00 price objective on the software maker’s stock.
PAYC has been the subject of several other reports. Credit Suisse Group reiterated a buy rating on shares of Paycom Software in a research report on Monday, July 3rd. Barclays PLC upped their target price on Paycom Software from $74.00 to $82.00 and gave the stock an overweight rating in a research report on Wednesday, September 13th. Stifel Nicolaus upped their target price on Paycom Software from $67.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Paycom Software from a buy rating to a hold rating in a research report on Friday, August 25th. Finally, KeyCorp reiterated a hold rating on shares of Paycom Software in a research report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $76.63.
Shares of Paycom Software (NYSE PAYC) traded up 1.27% during trading on Wednesday, hitting $82.01. The stock had a trading volume of 436,532 shares. The company’s 50 day moving average price is $76.92 and its 200 day moving average price is $69.91. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 88.95 and a beta of 1.72. Paycom Software has a 12 month low of $39.15 and a 12 month high of $82.52.
Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, August 1st. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The company had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. Paycom Software had a return on equity of 35.77% and a net margin of 14.28%. The business’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Equities research analysts expect that Paycom Software will post $1.15 earnings per share for the current fiscal year.
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In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $75.02, for a total transaction of $750,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. York sold 40,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $74.81, for a total transaction of $2,992,400.00. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock valued at $4,564,520 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.
A number of large investors have recently bought and sold shares of PAYC. UBS Asset Management Americas Inc. raised its position in Paycom Software by 47.6% in the first quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after purchasing an additional 7,881 shares in the last quarter. Prudential Financial Inc. raised its position in Paycom Software by 397.7% in the first quarter. Prudential Financial Inc. now owns 77,350 shares of the software maker’s stock worth $4,448,000 after purchasing an additional 61,810 shares in the last quarter. American International Group Inc. raised its position in Paycom Software by 5.4% in the first quarter. American International Group Inc. now owns 26,676 shares of the software maker’s stock worth $1,534,000 after purchasing an additional 1,366 shares in the last quarter. Neuberger Berman Group LLC raised its position in Paycom Software by 6.6% in the first quarter. Neuberger Berman Group LLC now owns 5,788 shares of the software maker’s stock worth $333,000 after purchasing an additional 357 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Paycom Software by 2.0% in the first quarter. Principal Financial Group Inc. now owns 37,612 shares of the software maker’s stock worth $2,163,000 after purchasing an additional 744 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.
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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