Insider Buying: Frederick C. Peters II Acquires 2,500 Shares of Paycom Software Stock (PAYC)
Paycom Software (NYSE:PAYC) Director Frederick C. Peters II acquired 2,500 shares of Paycom Software stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the acquisition, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $132,905. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Paycom Software (NYSE:PAYC) opened at 14.17 on Friday. Paycom Software has a 1-year low of $13.01 and a 1-year high of $17.92. The stock has a 50-day moving average of $14.69 and a 200-day moving average of $14.74. The company has a market cap of $723.3 million and a P/E ratio of 194.11.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Friday, May 16th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $37.00 million for the quarter, compared to the consensus estimate of $36.39 million. Analysts expect that Paycom Software will post $0.14 EPS for the current fiscal year.
PAYC has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Paycom Software in a research note on Friday, May 16th. They now have a $18.00 price target on the stock, down previously from $20.00. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Paycom Software from $1,225.00 to $1,200.00 in a research note on Monday, May 12th. Finally, analysts at Barclays initiated coverage on shares of Paycom Software in a research note on Monday, May 12th. They set an “overweight” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $215.83.
Paycom Software, Inc is a provider of a cloud-based human capital management (NYSE:PAYC) software solution delivered as Software-as-a-Service (SaaS).
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