Paycom Software Inc (NYSE:PAYC) Insider Sells $5,821,000.00 in Stock

Paycom Software Inc (NYSE:PAYC) insider Jeffrey D. York sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $232.84, for a total value of $5,821,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE:PAYC opened at $241.42 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $236.30 and a two-hundred day moving average of $204.71. The stock has a market cap of $13.74 billion, a P/E ratio of 110.74, a PEG ratio of 3.18 and a beta of 1.59. Paycom Software Inc has a 52-week low of $107.46 and a 52-week high of $246.85.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.14. The company had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $163.88 million. Paycom Software had a return on equity of 38.25% and a net margin of 23.93%. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, equities analysts anticipate that Paycom Software Inc will post 2.74 earnings per share for the current year.

Several research firms recently commented on PAYC. Oppenheimer increased their price objective on Paycom Software from $220.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald began coverage on Paycom Software in a research note on Tuesday, June 18th. They issued a “neutral” rating for the company. Bank of America reissued a “neutral” rating and issued a $250.00 price objective (up from $215.00) on shares of Paycom Software in a research note on Wednesday, July 31st. Canaccord Genuity increased their price objective on Paycom Software from $160.00 to $195.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Credit Suisse Group increased their price objective on Paycom Software from $190.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $216.29.

Large investors have recently modified their holdings of the business. CSat Investment Advisory L.P. purchased a new stake in Paycom Software in the 2nd quarter valued at $34,000. Global Retirement Partners LLC grew its holdings in Paycom Software by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in Paycom Software in the 2nd quarter valued at $45,000. Flagship Harbor Advisors LLC grew its holdings in Paycom Software by 404.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares in the last quarter. Finally, CWM LLC purchased a new stake in Paycom Software in the 1st quarter valued at $45,000. Institutional investors own 75.17% of the company’s stock.

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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