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.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.07). The company had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $195.53 million. Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 EPS. On average, analysts forecast that Paycom Software Inc will post 2.6 earnings per share for the current year.

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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