Press coverage about Paycom (NYSE:PAYC) has trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Paycom earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.7636141174557 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
PAYC has been the topic of a number of recent analyst reports. Credit Suisse Group increased their price target on shares of Paycom from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Mizuho cut their price target on shares of Paycom from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. KeyCorp raised shares of Paycom from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, February 13th. Bank of America raised their target price on shares of Paycom from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus raised their target price on shares of Paycom from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Paycom has a consensus rating of “Buy” and a consensus price target of $93.82.
PAYC traded down $1.42 during trading hours on Friday, reaching $107.18. 579,163 shares of the stock traded hands, compared to its average volume of 669,226. The firm has a market cap of $6,343.23, a price-to-earnings ratio of 121.80, a PEG ratio of 2.33 and a beta of 1.47. Paycom has a fifty-two week low of $57.24 and a fifty-two week high of $115.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.
Paycom (NYSE:PAYC) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. The business had revenue of $114.00 million during the quarter, compared to analyst estimates of $113.01 million. Paycom had a net margin of 15.43% and a return on equity of 46.27%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. analysts forecast that Paycom will post 1.86 earnings per share for the current fiscal year.
Paycom announced that its board has authorized a share 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In other Paycom news, CFO Craig E. Boelte sold 11,000 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Levenson sold 3,004 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $100.93, for a total transaction of $303,193.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,750 shares of company stock valued at $10,603,528. 17.90% of the stock is owned by company insiders.
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Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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