Paycom (NYSE:PAYC) insider Stacey M. Pezold sold 58,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
PAYC stock opened at $116.03 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Paycom has a 52-week low of $58.01 and a 52-week high of $117.00. The stock has a market cap of $6,507.73, a price-to-earnings ratio of 131.85, a PEG ratio of 2.40 and a beta of 1.47.
Paycom (NYSE:PAYC) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $113.01 million. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. equities analysts anticipate that Paycom will post 1.86 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in shares of Paycom by 6.8% in the fourth quarter. US Bancorp DE now owns 9,220 shares of the software maker’s stock valued at $740,000 after buying an additional 584 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Paycom by 9.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,142 shares of the software maker’s stock valued at $574,000 after buying an additional 637 shares during the period. Bfsg LLC lifted its stake in shares of Paycom by 18.3% in the fourth quarter. Bfsg LLC now owns 4,221 shares of the software maker’s stock valued at $339,000 after buying an additional 654 shares during the period. Advisory Research Inc. lifted its stake in shares of Paycom by 2.8% in the fourth quarter. Advisory Research Inc. now owns 26,613 shares of the software maker’s stock valued at $2,138,000 after buying an additional 737 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Paycom by 30.6% in the fourth quarter. Virtu Financial LLC now owns 3,791 shares of the software maker’s stock valued at $305,000 after buying an additional 889 shares during the period. Institutional investors and hedge funds own 87.65% of the company’s stock.
Several equities analysts have commented on the stock. Mizuho lowered their target price on shares of Paycom from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Dougherty & Co increased their target price on shares of Paycom from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. Robert W. Baird increased their target price on shares of Paycom from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Credit Suisse Group increased their target price on shares of Paycom from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, KeyCorp reissued an “overweight” rating and set a $127.00 target price (up from $105.00) on shares of Paycom in a research report on Tuesday, March 13th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company 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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