Paycom Software (NYSE:PAYC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 4th. Analysts expect Paycom Software to post earnings of $0.43 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
PAYC stock opened at $284.37 on Friday. Paycom Software has a one year low of $163.42 and a one year high of $342.00. The firm has a market cap of $16.66 billion, a PE ratio of 84.63, a PEG ratio of 4.36 and a beta of 1.55. The firm’s 50 day moving average price is $305.20 and its 200-day moving average price is $274.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.10.
PAYC has been the topic of a number of research analyst reports. Cantor Fitzgerald reduced their target price on Paycom Software from $314.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Barclays boosted their price objective on shares of Paycom Software from $195.00 to $285.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Royal Bank of Canada lowered their target price on shares of Paycom Software from $240.00 to $225.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 29th. Credit Suisse Group boosted their price target on shares of Paycom Software from $185.00 to $205.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, Citigroup upped their price objective on shares of Paycom Software from $262.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Paycom Software presently has an average rating of “Hold” and an average price target of $259.81.
In related news, COO Jon Evans sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $316.82, for a total transaction of $950,460.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $293.26, for a total transaction of $2,346,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 447,942 shares of company stock valued at $120,871,330. 16.10% of the stock is currently owned by company insiders.
Paycom Software Company Profile
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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