Paycom Software Inc (NYSE:PAYC) CFO Craig E. Boelte sold 4,800 shares of Paycom Software stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $110.01, for a total value of $528,048.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Craig E. Boelte also recently made the following trade(s):
- On Wednesday, June 6th, Craig E. Boelte sold 12,200 shares of Paycom Software stock. The stock was sold at an average price of $109.32, for a total value of $1,333,704.00.
Paycom Software traded down $1.10, hitting $112.57, during trading on Friday, Marketbeat reports. The company had a trading volume of 47,394 shares, compared to its average volume of 633,219. The stock has a market capitalization of $6.60 billion, a PE ratio of 127.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.41. Paycom Software Inc has a 1-year low of $64.50 and a 1-year high of $118.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.10.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The firm had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $151.42 million. Paycom Software had a return on equity of 42.85% and a net margin of 17.62%. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. analysts expect that Paycom Software Inc will post 1.83 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. purchased a new stake in Paycom Software in the 1st quarter valued at approximately $646,000. Navellier & Associates Inc boosted its holdings in Paycom Software by 2.3% in the 1st quarter. Navellier & Associates Inc now owns 22,469 shares of the software maker’s stock valued at $2,413,000 after purchasing an additional 496 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Paycom Software in the 1st quarter valued at approximately $1,163,000. Catalyst Capital Advisors LLC boosted its holdings in Paycom Software by 10.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 8,047 shares of the software maker’s stock valued at $864,000 after purchasing an additional 747 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in Paycom Software in the 1st quarter valued at approximately $2,394,000. 82.58% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on PAYC shares. First Analysis cut Paycom Software from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $108.00 to $122.00 in a research report on Wednesday, May 2nd. Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Oppenheimer lifted their target price on Paycom Software from $98.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 27th. Barclays cut Paycom Software from an “overweight” rating to an “equal weight” rating and set a $97.00 target price on the stock. in a research report on Thursday, April 12th. Finally, ValuEngine upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $102.29.
Paycom Software Company Profile
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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