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 value of $1,666,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Paycom Software Inc (NYSE:PAYC) traded up $0.77 during trading on Friday, hitting $89.12. The company had a trading volume of 605,200 shares, compared to its average volume of 574,092. 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 Inc has a 1 year low of $42.52 and a 1 year high of $90.92. The stock has a market cap of $5,340.00, a price-to-earnings ratio of 84.08, a PEG ratio of 2.86 and a beta of 1.67.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ 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 previous year, the business earned $0.15 EPS. Paycom Software’s revenue for the quarter was up 31.0% compared to the same quarter last year. sell-side analysts anticipate that Paycom Software Inc will post 0.82 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in PAYC. Schwab Charles Investment Management Inc. increased its stake in shares of Paycom Software by 7.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 187,789 shares of the software maker’s stock valued at $12,847,000 after purchasing an additional 12,528 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Paycom Software by 11.6% in the 2nd quarter. Legal & General Group Plc now owns 17,929 shares of the software maker’s stock valued at $1,222,000 after purchasing an additional 1,869 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Paycom Software by 9.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,315 shares of the software maker’s stock valued at $432,000 after purchasing an additional 527 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Paycom Software by 10.0% in the 2nd 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 in the last quarter. Finally, Swiss National Bank increased its stake in shares of Paycom Software by 13.8% in the 2nd quarter. Swiss National Bank now owns 79,197 shares of the software maker’s stock valued at $5,418,000 after purchasing an additional 9,600 shares in the last quarter. Hedge funds and other institutional investors own 88.41% of the company’s stock.

PAYC has been the subject of a number of recent research reports. Jefferies Group lifted their price objective on Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Paycom Software in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Friday, November 3rd. Bank of America initiated coverage on Paycom Software in a research note on Monday, November 6th. They set a “buy” rating and a $92.00 price objective for the company. Finally, Northland Securities initiated coverage on Paycom Software in a research note on Thursday, September 21st. They set an “outperform” rating and a $85.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $84.33.

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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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