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.
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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