The stock of Paycom Software Inc. (NYSE:PAYC) last traded at $286.65, down -2.71% from the previous session.
Data from the available sources indicates that Paycom Software Inc. (NYSE:PAYC) is covered by 20 analysts. The consensus rating among analysts is ‘Overweight’. PAYC stock price is now -10.44% away from the 50-day moving average and -10.92% away from the 200-day moving average. The market capitalization of the company currently stands at $17.05B.
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In total, 6 analysts have assigned it a hold rating, and 11 have given it a buy rating.
With the price target of $457, Citigroup recently initiated with Buy rating for Paycom Software Inc. (NYSE: PAYC). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, PETERS FREDERICK C II, Director sold 1,000 shares of the company’s stock on Aug 08. The stock was sold for $371,170 at an average price of $371.17. Upon completion of the transaction, the Director now directly owns 15,778 shares in the company, valued at $4.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Chief Sales Officer Faurot Holly sold 5,431 shares of the business’s stock. A total of $1,507,393 was realized by selling the stock at an average price of $277.55. This leaves the insider owning 38,289 shares of the company worth $10.98 million. Insiders disposed of 24,982 shares of company stock worth roughly $7.16 million over the past 1 year. A total of 15.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PAYC stock. A new stake in Paycom Software Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $54,379,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $15,342,000 in shares of PAYC during the first quarter. In the first quarter, DRIEHAUS CAPITAL MANAGEMENT LLC acquired a new stake in Paycom Software Inc. valued at approximately $12,875,000. VISTA EQUITY PARTNERS MANAGEMENT, LLC acquired a new stake in PAYC for approximately $12,041,000. ZEVENBERGEN CAPITAL INVESTMENTS LLC purchased a new stake in PAYC valued at around $10,606,000 in the second quarter. In total, there are 929 active investors with 81.00% ownership of the company’s stock.
With an opening price of $297.62 on Friday morning, Paycom Software Inc. (NYSE: PAYC) set off the trading day. During the past 12 months, Paycom Software Inc. has had a low of $255.82 and a high of $402.78. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for PAYC is $319.06 and a two-hundred day moving average price translates $321.44 for the stock.
The latest earnings results from Paycom Software Inc. (NYSE: PAYC) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $1.26, beating analysts’ expectations of $1.12 by 0.14. This compares to $0.52 EPS in the same period last year. The net profit margin was 19.40% and return on equity was 25.20% for PAYC. The company reported revenue of $334.17 million for the quarter, compared to $256.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.44 percent. For the current quarter, analysts expect PAYC to generate $327.56M in revenue.
Paycom Software Inc.(PAYC) Company Profile
Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company’s HCM solution provides 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, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
