Paycom Software (PAYC) Given Coverage Optimism Score of 0.27
Press coverage about Paycom Software (NYSE:PAYC) has trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paycom Software earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 44.5994053967869 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Royal Bank Of Canada Reiterates “Hold” Rating for Paycom Software, Inc. (PAYC) (americanbankingnews.com)
- Paycom Software (PAYC) versus MAM Software Group (MAMS) Financial Survey (americanbankingnews.com)
- UCO Alumnus Chad Richison gifts $4 Million to ‘Complete the Dream’ (edmondsun.com)
- PAYCOM SOFTWARE, INC. : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- Financial Analysis: Paycom Software (PAYC) versus Its Rivals (americanbankingnews.com)
Shares of Paycom Software (NYSE PAYC) opened at 80.07 on Friday. Paycom Software has a 12 month low of $39.15 and a 12 month high of $80.55. The stock has a 50 day moving average price of $76.09 and a 200 day moving average price of $69.10. The firm has a market cap of $4.64 billion, a PE ratio of 86.84 and a beta of 1.72.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.11. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. The company had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 32.9% on a year-over-year basis. On average, equities research analysts expect that Paycom Software will post $1.15 EPS for the current year.
Several research firms have recently weighed in on PAYC. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of Paycom Software in a research note on Wednesday. Canaccord Genuity raised their price objective on Paycom Software from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Mizuho reissued a “hold” rating and set a $70.00 price objective on shares of Paycom Software in a research note on Thursday, October 12th. KeyCorp raised their price objective on Paycom Software to $94.00 in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. raised their price objective on Paycom Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $76.63.
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In related news, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total value of $821,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $75.02, for a total transaction of $750,200.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock valued at $4,564,520 in the last three months. 17.90% of the stock is owned by company insiders.
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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