News headlines about Paycom Software (NYSE:PAYC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paycom Software earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.3017043016434 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
Several brokerages have commented on PAYC. Northland Securities set a $101.00 target price on Paycom Software and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Bank of America assumed coverage on Paycom Software in a report on Monday, November 6th. They set a “buy” rating and a $92.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price target on shares of Paycom Software in a report on Friday, November 3rd. Finally, Barclays increased their price target on Paycom Software from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $84.33.
Shares of Paycom Software (NYSE:PAYC) traded up $0.95 during mid-day trading on Wednesday, reaching $92.35. The company’s stock had a trading volume of 124,128 shares, compared to its average volume of 646,193. The stock has a market cap of $5,398.17, a price-to-earnings ratio of 85.28, a PEG ratio of 3.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. Paycom Software has a 1-year low of $42.52 and a 1-year high of $93.61.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. The firm had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. equities analysts anticipate that Paycom Software will post 0.82 earnings per share for the current fiscal year.
In related news, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total value of $3,998,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,750 shares of company stock valued at $6,533,308. Company insiders own 17.90% of the company’s stock.
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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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