Paycom Software Inc. (NYSE:PAYC) Director Larry V. Parman acquired 250 shares of the stock in a transaction on Tuesday, November 15th. The stock was purchased at an average cost of $41.82 per share, with a total value of $10,455.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Paycom Software Inc. (NYSE:PAYC) opened at 43.965 on Monday. The company has a market capitalization of $2.55 billion, a PE ratio of 64.845 and a beta of 1.99. Paycom Software Inc. has a 52 week low of $22.42 and a 52 week high of $52.93. The company’s 50-day moving average price is $47.71 and its 200 day moving average price is $46.10.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business earned $77.30 million during the quarter, compared to analyst estimates of $76.71 million. Paycom Software had a return on equity of 27.37% and a net margin of 13.17%. The firm’s revenue was up 39.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. On average, equities research analysts anticipate that Paycom Software Inc. will post $0.84 EPS for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Paycom Software by 0.4% in the second quarter. AQR Capital Management LLC now owns 30,318 shares of the company’s stock worth $1,310,000 after buying an additional 114 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Paycom Software by 0.8% in the third quarter. Teachers Advisors LLC now owns 70,954 shares of the company’s stock worth $3,557,000 after buying an additional 595 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Paycom Software by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,793 shares of the company’s stock worth $250,000 after buying an additional 699 shares during the last quarter. Royal Bank of Canada increased its position in shares of Paycom Software by 34.8% in the second quarter. Royal Bank of Canada now owns 2,826 shares of the company’s stock worth $122,000 after buying an additional 730 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Paycom Software by 1.0% in the third quarter. California State Teachers Retirement System now owns 93,196 shares of the company’s stock worth $4,672,000 after buying an additional 900 shares during the last quarter. 77.92% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $58.00 price objective (up previously from $50.00) on shares of Paycom Software in a research report on Thursday, August 4th. JPMorgan Chase & Co. downgraded shares of Paycom Software from an “overweight” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday, August 5th. Wunderlich increased their price objective on shares of Paycom Software from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Paycom Software from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Paycom Software has an average rating of “Buy” and a consensus price target of $53.92.

Paycom Software Company Profile

Paycom Software, Inc (Paycom) is a provider of cloud-based human capital management (HCM) software solution delivered as software as a service (SaaS). The Company’s solution is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications.

5 Day Chart for NYSE:PAYC

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