Paycom Software Inc (NYSE:PAYC) CFO Craig E. Boelte sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $176.03, for a total value of $2,112,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Craig E. Boelte also recently made the following trade(s):
Get Paycom Software alerts: On Wednesday, January 9th, Craig E. Boelte sold 12,000 shares of Paycom Software stock. The stock was sold at an average price of $128.78, for a total value of $1,545,360.00.Shares of NYSE:PAYC traded up $1.85 during mid-day trading on Friday, hitting $178.08. 481,080 shares of the company traded hands, compared to its average volume of 658,054. The company has a market cap of $10.33 billion, a P/E ratio of 81.69, a PEG ratio of 2.81 and a beta of 1.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.03. Paycom Software Inc has a 52-week low of $96.44 and a 52-week high of $186.00.
Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.48 by $0.13. The business had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. Paycom Software had a return on equity of 38.83% and a net margin of 24.20%. The company’s revenue was up 31.8% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Analysts predict that Paycom Software Inc will post 2.62 earnings per share for the current year.
Several large investors have recently made changes to their positions in PAYC. Vanguard Group Inc. grew its stake in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,348,359 shares of the software maker’s stock valued at $675,778,000 after purchasing an additional 93,152 shares in the last quarter. Vanguard Group Inc grew its stake in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock valued at $675,778,000 after purchasing an additional 93,152 shares in the last quarter. Capital International Investors acquired a new stake in Paycom Software during the 3rd quarter valued at approximately $488,601,000. BlackRock Inc. grew its stake in Paycom Software by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock valued at $270,933,000 after purchasing an additional 23,876 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in Paycom Software by 72.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,964,610 shares of the software maker’s stock valued at $240,566,000 after purchasing an additional 826,529 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.
A number of equities analysts have recently commented on PAYC shares. Zacks Investment Research downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. KeyCorp raised their price objective on Paycom Software from $133.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, February 6th. Royal Bank of Canada raised their price objective on Paycom Software to $139.00 and gave the stock a “market perform” rating in a report on Monday, February 4th. They noted that the move was a valuation call. Jefferies Financial Group raised their price objective on Paycom Software to $180.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Finally, Canaccord Genuity raised their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, February 6th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $150.87.
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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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