Somewhat Positive News Coverage Somewhat Unlikely to Affect Paycom Software (PAYC) Share Price
News headlines about Paycom Software (NYSE:PAYC) have trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Paycom Software earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.4095881308585 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms recently weighed in on PAYC. Canaccord Genuity raised their price objective on Paycom Software from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. KeyCorp raised their price objective on Paycom Software to $94.00 in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Oppenheimer raised their price objective on Paycom Software from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Paycom Software from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.44.
Shares of Paycom Software (NYSE PAYC) traded up $0.40 during trading hours on Tuesday, reaching $84.53. The company’s stock had a trading volume of 530,458 shares, compared to its average volume of 590,530. The firm has a market cap of $4,990.00, a PE ratio of 79.99, a PEG ratio of 3.68 and a beta of 1.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software has a 52-week low of $41.98 and a 52-week high of $86.10.
Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. Paycom Software’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. equities analysts anticipate that Paycom Software will post 0.82 EPS for the current year.
In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,000 shares of company stock worth $4,564,520. 17.90% of the stock is owned by insiders.
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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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