Paycom Software Target of Unusually High Options Trading (PAYC)

Paycom Software Inc (NYSE:PAYC) was the recipient of unusually large options trading on Tuesday. Traders bought 3,346 call options on the stock. This is an increase of 1,300% compared to the average volume of 239 call options.

Shares of PAYC opened at $156.96 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. Paycom Software has a 12 month low of $80.39 and a 12 month high of $164.08. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 80.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.78.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The company had revenue of $150.33 million for the quarter, compared to analyst estimates of $144.10 million. During the same period last year, the company earned $0.90 earnings per share. Paycom Software’s quarterly revenue was up 31.8% compared to the same quarter last year. Research analysts anticipate that Paycom Software will post 2.15 earnings per share for the current year.

Several analysts recently commented on the company. Royal Bank of Canada raised their target price on Paycom Software to $139.00 and gave the stock a “market perform” rating in a report on Monday. ValuEngine raised Paycom Software from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Zacks Investment Research lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Needham & Company LLC raised their target price on Paycom Software to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group raised their target price on Paycom Software from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Paycom Software presently has an average rating of “Hold” and an average price target of $129.94.

In related news, CFO Craig E. Boelte sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total transaction of $1,545,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.24% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd grew its holdings in Paycom Software by 2.1% in the fourth quarter. WINTON GROUP Ltd now owns 3,854 shares of the software maker’s stock valued at $472,000 after purchasing an additional 80 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Paycom Software by 77.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 9,145 shares of the software maker’s stock valued at $1,120,000 after purchasing an additional 4,000 shares during the period. Chicago Equity Partners LLC grew its holdings in Paycom Software by 194.3% in the fourth quarter. Chicago Equity Partners LLC now owns 4,355 shares of the software maker’s stock valued at $533,000 after purchasing an additional 2,875 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Paycom Software in the fourth quarter valued at approximately $27,000. Finally, BB&T Securities LLC grew its holdings in Paycom Software by 5.8% in the fourth quarter. BB&T Securities LLC now owns 3,831 shares of the software maker’s stock valued at $469,000 after purchasing an additional 209 shares during the period. 77.46% of the stock is currently owned by institutional investors.

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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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