Paycom Software, Inc. (PAYC) Insider Jeffrey D. York Sells 40,000 Shares
Paycom Software, Inc. (NYSE:PAYC) insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Paycom Software, Inc. (NYSE:PAYC) traded up 0.31% during midday trading on Tuesday, hitting $75.05. The stock had a trading volume of 329,633 shares. Paycom Software, Inc. has a 12-month low of $39.15 and a 12-month high of $76.75. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 81.40 and a beta of 1.73. The company has a 50-day moving average price of $73.86 and a 200-day moving average price of $67.19.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.98 million. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities analysts anticipate that Paycom Software, Inc. will post $1.15 EPS for the current year.
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Several research analysts have recently issued reports on PAYC shares. Robert W. Baird reaffirmed a “buy” rating and set a $78.00 price objective on shares of Paycom Software in a research report on Tuesday, September 12th. Northland Securities assumed coverage on Paycom Software in a report on Thursday, September 21st. They issued an “outperform” rating and a $85.00 price objective on the stock. Credit Suisse Group raised their target price on Paycom Software from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Barclays PLC raised their target price on Paycom Software from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $73.00 target price on shares of Paycom Software in a research note on Thursday, June 8th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $76.63.
Hedge funds have recently modified their holdings of the business. Strs Ohio grew its holdings in shares of Paycom Software by 342.9% during the first quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock valued at $178,000 after purchasing an additional 2,400 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Paycom Software by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,715 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 140 shares during the period. Swiss National Bank raised its position in shares of Paycom Software by 1.2% during the 1st quarter. Swiss National Bank now owns 69,597 shares of the software maker’s stock worth $4,003,000 after purchasing an additional 800 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Paycom Software by 47.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after purchasing an additional 7,881 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Paycom Software by 4.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,403 shares of the software maker’s stock worth $541,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.
Paycom Software Company Profile
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.
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