Paycom Software Inc (PAYC) COO Jon Evans Sells 2,047 Shares

Paycom Software Inc (NYSE:PAYC) COO Jon Evans sold 2,047 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $200.30, for a total transaction of $410,014.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jon Evans also recently made the following trade(s):

  • On Tuesday, April 16th, Jon Evans sold 2,373 shares of Paycom Software stock. The stock was sold at an average price of $191.27, for a total transaction of $453,883.71.

NYSE PAYC opened at $204.39 on Thursday. Paycom Software Inc has a 52 week low of $96.44 and a 52 week high of $210.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 93.76, a PEG ratio of 3.01 and a beta of 1.80.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.07). The company had revenue of $199.90 million during the quarter, compared to the consensus estimate of $195.53 million. Paycom Software had a net margin of 23.38% and a return on equity of 39.02%. The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. As a group, equities analysts expect that Paycom Software Inc will post 2.6 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of PAYC. Comerica Bank lifted its stake in Paycom Software by 2.6% during the first quarter. Comerica Bank now owns 2,206 shares of the software maker’s stock valued at $414,000 after purchasing an additional 56 shares during the last quarter. Intrust Bank NA lifted its stake in Paycom Software by 1.3% during the first quarter. Intrust Bank NA now owns 5,642 shares of the software maker’s stock valued at $1,067,000 after purchasing an additional 74 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Paycom Software by 2.1% during the fourth quarter. WINTON GROUP Ltd now owns 3,854 shares of the software maker’s stock valued at $472,000 after purchasing an additional 80 shares during the last quarter. Advisory Services Network LLC lifted its stake in Paycom Software by 10.4% during the fourth quarter. Advisory Services Network LLC now owns 905 shares of the software maker’s stock valued at $111,000 after purchasing an additional 85 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Paycom Software by 13.9% during the first quarter. Signaturefd LLC now owns 754 shares of the software maker’s stock valued at $143,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

A number of equities analysts have commented on PAYC shares. Jefferies Financial Group boosted their price objective on shares of Paycom Software to $210.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Bank of America upped their target price on shares of Paycom Software from $147.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 6th. Barclays upped their target price on shares of Paycom Software from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Paycom Software to $139.00 and gave the company a “market perform” rating in a research note on Monday, February 4th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Paycom Software currently has a consensus rating of “Hold” and an average target price of $185.69.

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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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Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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