News coverage about Paycom Software (NYSE:PAYC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to 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 media headlines about the software maker an impact score of 45.7636141174557 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of equities analysts have recently commented on the stock. KeyCorp reissued an “overweight” rating and issued a $127.00 price target (up previously from $105.00) on shares of Paycom Software in a report on Tuesday. Robert W. Baird increased their price target on shares of Paycom Software from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Barclays increased their price target on shares of Paycom Software from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Mizuho decreased their price target on shares of Paycom Software from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Finally, Stifel Nicolaus upped their price objective on shares of Paycom Software from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Paycom Software presently has an average rating of “Buy” and an average target price of $91.35.
Shares of Paycom Software (PAYC) traded up $0.16 during trading on Friday, hitting $109.98. 932,588 shares of the stock were exchanged, compared to its average volume of 750,727. Paycom Software has a 12 month low of $53.70 and a 12 month high of $112.21. The stock has a market cap of $6,440.00, a PE ratio of 97.33, a price-to-earnings-growth ratio of 2.33 and a beta of 1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The business had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 46.27%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS. analysts predict that Paycom Software will post 1.86 earnings per share for the current year.
Paycom Software announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 13th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Paycom Software news, Director Robert J. Levenson sold 18,750 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $98.45, for a total transaction of $1,082,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 104,750 shares of company stock valued at $9,388,528 in the last three months. 17.90% of the stock is currently owned by corporate insiders.
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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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