Paycom Software Inc (PAYC) Director Robert J. Levenson Sells 18,750 Shares

Paycom Software Inc (NYSE:PAYC) Director Robert J. Levenson sold 18,750 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total transaction of $1,666,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Paycom Software Inc (PAYC) traded up $0.77 during midday trading on Thursday, hitting $89.12. 605,241 shares of the company traded hands, compared to its average volume of 574,095. 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 Inc has a 12-month low of $42.52 and a 12-month high of $90.92. The firm has a market capitalization of $5,280.00, a PE ratio of 84.08, a price-to-earnings-growth ratio of 2.81 and a beta of 1.67.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Paycom Software by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after purchasing an additional 150 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of Paycom Software in the third quarter valued at about $164,000. Raymond James Trust N.A. acquired a new stake in shares of Paycom Software in the second quarter valued at about $203,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of Paycom Software in the third quarter valued at about $254,000. Hedge funds and other institutional investors own 88.41% of the company’s stock.

Several analysts have recently commented on the stock. Northland Securities set a $101.00 target price on shares of Paycom Software and gave the stock a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Co set a $89.00 target price on shares of Paycom Software and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Mizuho restated a “hold” rating and issued a $70.00 target price on shares of Paycom Software in a research note on Thursday, October 12th. Jefferies Group raised their target price on shares of Paycom Software from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paycom Software has an average rating of “Buy” and an average price target of $84.33.

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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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