Paycom Software Inc (NYSE:PAYC) traded up 5% during trading on Friday . The stock traded as high as $89.37 and last traded at $88.75. 1,245,075 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 544,908 shares. The stock had previously closed at $84.50.

Several equities research analysts have commented on the company. Northland Securities set a $101.00 target price on Paycom Software and gave the company a “buy” rating in a research note on Thursday. Jefferies Group boosted their target price on Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Paycom Software in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price on shares of Paycom Software in a research note on Friday, November 3rd. Finally, Credit Suisse Group cut Paycom Software from an “outperform” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Paycom Software presently has a consensus rating of “Buy” and an average price target of $84.33.

The firm has a market capitalization of $5,250.00, a P/E ratio of 83.73, a PEG ratio of 2.71 and a beta of 1.67. 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 quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $100.47 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. equities research analysts expect that Paycom Software Inc will post 0.82 earnings per share for the current year.

In other news, insider Jeffrey D. York sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total transaction of $3,998,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Paycom Software by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock worth $126,000 after acquiring an additional 167 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after acquiring an additional 150 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Paycom Software during the 3rd quarter worth approximately $164,000. Raymond James Trust N.A. acquired a new position in shares of Paycom Software during the 2nd quarter worth approximately $203,000. Finally, Concorde Asset Management LLC acquired a new position in shares of Paycom Software during the 3rd quarter worth approximately $254,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

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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.

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