Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned an average recommendation of “Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $84.06.
A number of research analysts recently commented on PAYC shares. KeyCorp increased their price target on Paycom Software to $94.00 in a report on Wednesday, August 2nd. Stifel Nicolaus increased their price target on Paycom Software from $67.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Canaccord Genuity increased their price target on Paycom Software from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Paycom Software in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Paycom Software from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Friday, August 4th.
In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacey M. Pezold sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $75.02, for a total value of $750,200.00. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock worth $4,564,520 in the last 90 days. 17.90% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. raised its position in shares of Paycom Software by 13.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 5,676 shares of the software maker’s stock worth $425,000 after purchasing an additional 687 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Paycom Software by 10.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 41,851 shares of the software maker’s stock worth $3,137,000 after purchasing an additional 4,050 shares during the period. Alps Advisors Inc. raised its position in shares of Paycom Software by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,542 shares of the software maker’s stock worth $584,000 after purchasing an additional 22 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Paycom Software by 11.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,900 shares of the software maker’s stock worth $9,092,000 after purchasing an additional 14,144 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of Paycom Software by 372.3% during the 2nd quarter. Federated Investors Inc. PA now owns 70,163 shares of the software maker’s stock worth $4,800,000 after purchasing an additional 55,308 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.
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Shares of Paycom Software (PAYC) traded up $0.56 during midday trading on Thursday, hitting $81.99. The stock had a trading volume of 550,540 shares, compared to its average volume of 625,302. Paycom Software has a 52 week low of $41.98 and a 52 week high of $83.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $4,777.08, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 31.0% compared to the same quarter last year. sell-side analysts expect that Paycom Software will post 0.82 earnings per share for the current fiscal year.
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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