Paycom Software (PAYC) Receives Media Impact Rating of 0.18
News headlines about Paycom Software (NYSE:PAYC) have trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by analyzing 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 news sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 46.9956672276819 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- IHS Markit Score Update: Drop in demand for ETFs holding Paycom Software Inc is a negative sign for its shares (finance.yahoo.com)
- Near-Term, Can This Stock Move the Needle: Paycom Software, Inc. (NYSE:PAYC) – FLBC News (flbcnews.com)
- Paycom Software Delivers Another Home Run Earnings Report – Motley Fool (fool.com)
- Paycom Software’s (NYSE:PAYC) “Sector Perform” Rating Reiterated at Royal Bank Of Canada (americanbankingnews.com)
A number of brokerages have recently issued reports on PAYC. Canaccord Genuity raised their target price on shares of Paycom Software from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Mizuho restated a “hold” rating and set a $70.00 target price on shares of Paycom Software in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $74.00 target price (up from $67.00) on shares of Paycom Software in a research report on Wednesday, August 2nd. Stifel Nicolaus raised their target price on shares of Paycom Software from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Paycom Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.36.
Shares of Paycom Software (NYSE PAYC) opened at 68.96 on Friday. Paycom Software has a one year low of $39.15 and a one year high of $73.61. The firm has a market capitalization of $4.00 billion, a P/E ratio of 74.79 and a beta of 1.75. The company’s 50 day moving average price is $69.27 and its 200 day moving average price is $61.41.
Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. Paycom Software had a return on equity of 35.77% and a net margin of 14.28%. The company had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.98 million. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. On average, analysts expect that Paycom Software will post $1.15 EPS for the current fiscal year.
In other Paycom Software news, insider Stacey M. Pezold sold 30,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $70.15, for a total value of $2,104,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. York sold 40,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $66.93, for a total value of $2,677,200.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.
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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