Paycom Software, Inc. (NYSE:PAYC) CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Paycom Software, Inc. (NYSE PAYC) traded up $1.53 during trading hours on Thursday, hitting $79.45. The stock had a trading volume of 471,600 shares, compared to its average volume of 592,713. Paycom Software, Inc. has a 12-month low of $42.52 and a 12-month high of $86.10. The company has a market cap of $4,539.94, a price-to-earnings ratio of 72.82, a P/E/G ratio of 3.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The firm had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. analysts forecast that Paycom Software, Inc. will post 0.82 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Paycom Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Northland Securities set a $85.00 target price on Paycom Software and gave the company a “buy” rating in a report on Wednesday, November 1st. Wells Fargo & Company set a $89.00 target price on Paycom Software and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Mizuho reiterated a “hold” rating and issued a $70.00 price objective on shares of Paycom Software in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.44.

Hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. increased its position in Paycom Software by 13.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 5,676 shares of the software maker’s stock valued at $425,000 after buying an additional 687 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Paycom Software by 10.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 41,851 shares of the software maker’s stock valued at $3,137,000 after buying an additional 4,050 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Paycom Software by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,542 shares of the software maker’s stock worth $584,000 after purchasing an additional 22 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Paycom Software by 11.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,900 shares of the software maker’s stock worth $9,092,000 after purchasing an additional 14,144 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of Paycom Software by 372.3% in the 2nd quarter. Federated Investors Inc. PA now owns 70,163 shares of the software maker’s stock worth $4,800,000 after purchasing an additional 55,308 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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