Paycom (NYSE:PAYC) insider Stacey M. Pezold sold 58,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $111.20, for a total transaction of $6,449,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Paycom stock opened at $116.76 on Friday. Paycom has a 52-week low of $58.90 and a 52-week high of $118.45. The firm has a market cap of $6,866.97, a PE ratio of 132.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.47. 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 (NYSE:PAYC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. Paycom had a net margin of 15.43% and a return on equity of 46.27%. The business had revenue of $114.00 million during the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. equities research analysts anticipate that Paycom will post 1.86 EPS for the current fiscal year.
Paycom announced that its board has initiated a share buyback program on Tuesday, February 13th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in PAYC. SG Americas Securities LLC purchased a new stake in shares of Paycom during the third quarter worth $285,000. Great West Life Assurance Co. Can grew its holdings in shares of Paycom by 26.0% during the third quarter. Great West Life Assurance Co. Can now owns 5,828 shares of the software maker’s stock worth $435,000 after buying an additional 1,201 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Paycom by 23.5% during the third quarter. Legal & General Group Plc now owns 22,145 shares of the software maker’s stock worth $1,659,000 after buying an additional 4,216 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Paycom by 14.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 214,375 shares of the software maker’s stock worth $16,070,000 after buying an additional 26,586 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Paycom by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 945,552 shares of the software maker’s stock worth $70,878,000 after buying an additional 3,007 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on PAYC. Barclays lowered shares of Paycom from an “overweight” rating to an “equal weight” rating and set a $97.00 price target for the company. in a report on Thursday, April 12th. Robert W. Baird boosted their price target on shares of Paycom 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. Mizuho cut their price target on shares of Paycom from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Stifel Nicolaus lowered shares of Paycom from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $100.00 in a report on Thursday, March 22nd. They noted that the move was a valuation call. Finally, Oppenheimer boosted their price target on shares of Paycom from $98.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, March 27th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Paycom presently has an average rating of “Buy” and an average price target of $95.29.
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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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