Paycom Software Inc (NYSE:PAYC) COO Sells $504,987.00 in Stock

Paycom Software Inc (NYSE:PAYC) COO Jon Evans sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total value of $504,987.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Jon Evans also recently made the following trade(s):

  • On Monday, May 13th, Jon Evans sold 2,047 shares of Paycom Software stock. The stock was sold at an average price of $200.30, for a total value of $410,014.10.
  • On Tuesday, April 16th, Jon Evans sold 2,373 shares of Paycom Software stock. The stock was sold at an average price of $191.27, for a total value of $453,883.71.

PAYC opened at $243.64 on Friday. Paycom Software Inc has a 1-year low of $100.87 and a 1-year high of $246.85. The firm has a fifty day simple moving average of $222.11. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The company has a market cap of $14.25 billion, a PE ratio of 111.76, a PEG ratio of 3.49 and a beta of 1.63.



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 analysts’ consensus estimates of $0.89 by ($0.07). Paycom Software had a net margin of 23.38% and a return on equity of 39.02%. The business had revenue of $199.90 million during the quarter, compared to the consensus estimate of $195.53 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. Analysts predict that Paycom Software Inc will post 2.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Paycom Software by 0.6% in the 1st quarter. BlackRock Inc. now owns 2,225,342 shares of the software maker’s stock valued at $420,878,000 after acquiring an additional 12,749 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Paycom Software by 1.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,997,361 shares of the software maker’s stock valued at $377,761,000 after acquiring an additional 32,751 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Paycom Software by 1.2% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 900,333 shares of the software maker’s stock valued at $170,280,000 after acquiring an additional 10,900 shares during the period. Jackson Square Partners LLC raised its stake in Paycom Software by 7.4% in the 1st quarter. Jackson Square Partners LLC now owns 848,952 shares of the software maker’s stock valued at $160,562,000 after acquiring an additional 58,293 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Paycom Software by 4.8% in the 1st quarter. Janus Henderson Group PLC now owns 518,544 shares of the software maker’s stock valued at $98,072,000 after acquiring an additional 23,657 shares during the period. Institutional investors and hedge funds own 74.38% of the company’s stock.

A number of brokerages have recently issued reports on PAYC. Jefferies Financial Group upped their price objective on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Stifel Nicolaus upped their price objective on Zendesk from $75.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Oppenheimer upped their price objective on Paycom Software from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Cantor Fitzgerald began coverage on Upwork in a research note on Tuesday, June 18th. They set an “overweight” rating on the stock. Finally, ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $194.29.

Paycom Software Company Profile

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

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