Paycom Software (PAYC) Stock Price Down 5.3%
Paycom Software Inc (NYSE:PAYC) shares fell 5.3% on Monday . The company traded as low as $196.98 and last traded at $197.25. 912,395 shares changed hands during trading, an increase of 40% from the average session volume of 650,331 shares. The stock had previously closed at $208.39.
A number of research firms have weighed in on PAYC. Barclays upped their target price on Paycom Software from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. KeyCorp upped their price target on Paycom Software from $133.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 6th. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target (up previously from $200.00) on shares of Paycom Software in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on Paycom Software from $150.00 to $179.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Paycom Software has an average rating of “Hold” and a consensus target price of $185.69.
The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 90.48, a P/E/G ratio of 3.17 and a beta of 1.80.
In related news, insider Jeffrey D. York sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $173.96, for a total value of $4,349,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradley Scott Smith sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $181.53, for a total value of $471,978.00. The disclosure for this sale can be found here. Insiders sold a total of 41,973 shares of company stock worth $7,387,222 over the last ninety days. 16.09% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in PAYC. Capital Investment Advisory Services LLC bought a new position in Paycom Software in the 4th quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Paycom Software during the 4th quarter valued at $31,000. Global Retirement Partners LLC lifted its holdings in shares of Paycom Software by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares during the period. CWM LLC bought a new position in shares of Paycom Software during the 1st quarter valued at $45,000. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Paycom Software by 1,125.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock valued at $46,000 after buying an additional 225 shares during the period. 78.57% of the stock is currently owned by institutional investors and hedge funds.
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Paycom Software Company Profile (NYSE:PAYC)
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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