Paycom Software (PAYC) Receiving Somewhat Favorable Press Coverage, Report Finds
Media coverage about Paycom Software (NYSE:PAYC) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Paycom Software earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.8712225468289 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Why Paycom Should Be on Your Investing Radar — The Motley Fool – Motley Fool (fool.com)
- $4 million gift to University of Central Oklahoma will fund athletic facilities – NewsOK.com (newsok.com)
- Hot Stock under Consideration: Paycom Software Inc (NYSE:PAYC) – Alpha Beta Stock (alphabetastock.com)
- Paycom Software’s Amazing Performance in 3 Charts (fool.com)
PAYC has been the subject of several research analyst reports. Canaccord Genuity lifted their target price on Paycom Software from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their price target on Paycom Software from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $74.00 price target (up previously from $67.00) on shares of Paycom Software in a report on Wednesday, August 2nd. Mizuho reiterated a “hold” rating and issued a $70.00 price objective on shares of Paycom Software in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price objective (up from $73.00) on shares of Paycom Software in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paycom Software has an average rating of “Buy” and an average price target of $76.63.
Shares of Paycom Software (PAYC) opened at 74.82 on Tuesday. The firm’s 50-day moving average is $73.75 and its 200-day moving average is $67.05. The firm has a market capitalization of $4.34 billion, a P/E ratio of 81.15 and a beta of 1.73. Paycom Software has a 52 week low of $39.15 and a 52 week high of $76.75.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.98 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 32.9% on a year-over-year basis. Equities analysts anticipate that Paycom Software will post $1.15 EPS for the current year.
In other news, insider Stacey M. Pezold sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $75.02, for a total transaction of $750,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. Corporate 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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