Paycom Software (PAYC) Earning Somewhat Favorable Press Coverage, Report Finds
Media coverage about Paycom Software (NYSE:PAYC) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paycom Software earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.4972093007192 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Paycom Software, Inc. (PAYC) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- Discover the cloud-based payroll software market forecast 2017-2023 (whatech.com)
- Paycom Software, Inc. (PAYC) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Pre-Open Movers 11/01: (ARQL) (ADMS) (X) Higher; (EVHC) (SGRY) (DDD) Lower (more…) (streetinsider.com)
Paycom Software (PAYC) opened at $79.87 on Wednesday. Paycom Software has a 52-week low of $39.15 and a 52-week high of $83.11. The stock has a market capitalization of $4,770.08, a P/E ratio of 76.51, a price-to-earnings-growth ratio of 3.57 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05.
Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same period in the prior year, the company posted $0.15 EPS. Paycom Software’s quarterly revenue was up 31.0% on a year-over-year basis. equities research analysts anticipate that Paycom Software will post 0.82 earnings per share for the current year.
A number of analysts have recently issued reports on PAYC shares. KeyCorp boosted their target price on Paycom Software to $94.00 in a report on Wednesday, August 2nd. Canaccord Genuity boosted their target price on Paycom Software from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $83.00 target price (up previously from $73.00) on shares of Paycom Software in a report on Wednesday, August 2nd. Stifel Nicolaus boosted their target price on Paycom Software from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reiterated a “buy” rating and set a $74.00 target price on shares of Paycom Software in a report on Wednesday, July 19th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $83.44.
In related news, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $75.02, for a total value of $750,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,000 shares of company stock worth $4,564,520. 17.90% of the stock is currently owned by corporate insiders.
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.
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