Paycom Software (PAYC) Getting Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Paycom Software (NYSE:PAYC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paycom Software earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 47.0397810282469 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several analysts have weighed in on the company. Jefferies Group upped their target price on Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Northland Securities set a $85.00 target price on Paycom Software and gave the stock a “buy” rating in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Paycom Software in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective on shares of Paycom Software in a report on Friday, November 3rd. Finally, Credit Suisse Group lowered Paycom Software from an “outperform” rating to a “neutral” rating and set a $78.00 target price for the company. in a research note on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $83.44.

Shares of Paycom Software (NYSE:PAYC) traded up $0.60 during midday trading on Wednesday, hitting $81.31. The company had a trading volume of 4,429 shares, compared to its average volume of 586,011. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4,703.08, a PE ratio of 75.99, a price-to-earnings-growth ratio of 3.47 and a beta of 1.68. Paycom Software has a twelve month low of $42.52 and a twelve month high of $86.10.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The business had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $100.47 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 31.0% on a year-over-year basis. sell-side analysts expect that Paycom Software will post 0.82 EPS for the current year.

In other Paycom Software news, CFO Craig E. Boelte sold 11,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey D. York sold 40,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by company 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.

Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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