Paycom Software (PAYC) Earning Somewhat Favorable Media Coverage, Accern Reports
Media headlines about Paycom Software (NYSE:PAYC) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Paycom Software earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 47.1178259809986 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Anticipate Paycom Software, Inc. (PAYC) to Post $0.23 Earnings Per Share (americanbankingnews.com)
- Bob Stoops to Present Jim Thorpe Award for Top College Defensive Back, Sponsored by Paycom (cpapracticeadvisor.com)
- Oppenheimer Holdings Inc (NYSE:OPY) Sentiment Worsened, Because (nismagazine.com)
- ETFs with exposure to Paycom Software, Inc. : December 1, 2017 (finance.yahoo.com)
Shares of Paycom Software (NYSE PAYC) traded up $1.22 during midday trading on Thursday, hitting $78.27. 493,296 shares of the stock were exchanged, compared to its average volume of 594,151. The firm has a market cap of $4,650.00, a PE ratio of 71.27, a price-to-earnings-growth ratio of 3.28 and a beta of 1.68. Paycom Software has a twelve month low of $42.52 and a twelve month high of $86.10. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21.
Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was up 31.0% on a year-over-year basis. equities analysts forecast that Paycom Software will post 0.82 EPS for the current year.
Several equities analysts have recently issued reports on PAYC shares. Jefferies Group upped their price objective on shares of Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Paycom Software in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Friday, November 3rd. Robert W. Baird restated a “buy” rating and set a $78.00 price objective on shares of Paycom Software in a report on Tuesday, September 12th. Finally, Bank of America began coverage on shares of Paycom Software in a report on Monday, November 6th. They issued a “buy” rating and a $92.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.44.
In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey D. York sold 40,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.
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Paycom Software Company Profile
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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