Paycom Software Inc (NYSE:PAYC) insider Jeffrey D. York sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total transaction of $3,998,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Paycom Software Inc (PAYC) traded up $2.08 during midday trading on Thursday, hitting $83.11. 456,023 shares of the stock were exchanged, compared to its average volume of 440,833. The stock has a market capitalization of $4,920.00, a P/E ratio of 78.41, a PEG ratio of 2.60 and a beta of 1.67. Paycom Software Inc has a 1-year low of $42.52 and a 1-year high of $86.10. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors boosted its position in shares of Paycom Software by 6.7% in the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock worth $452,389,000 after acquiring an additional 415,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Paycom Software by 6.8% in the second quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock worth $255,023,000 after acquiring an additional 236,334 shares during the last quarter. BlackRock Inc. boosted its position in shares of Paycom Software by 12.7% in the second quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock worth $205,302,000 after acquiring an additional 338,351 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Paycom Software by 96.1% in the third quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock worth $87,664,000 after acquiring an additional 574,658 shares during the last quarter. Finally, Jackson Square Partners LLC boosted its position in shares of Paycom Software by 3.6% in the third quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock worth $76,418,000 after acquiring an additional 35,855 shares during the last quarter. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on PAYC shares. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, November 3rd. Barclays raised their target price on shares of Paycom Software from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and set a $78.00 target price on shares of Paycom Software in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target on shares of Paycom Software in a report on Friday, November 3rd. Finally, Bank of America started coverage on shares of Paycom Software in a report on Monday, November 6th. They set a “buy” rating and a $92.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Paycom Software currently has an average rating of “Buy” and an average price target of $83.44.

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About Paycom Software

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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