Paycom Software, Inc. (NYSE:PAYC – Get Rating) CFO Craig E. Boelte sold 2,709 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $275.24, for a total value of $745,625.16. Following the completion of the sale, the chief financial officer now directly owns 260,773 shares of the company’s stock, valued at $71,775,160.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE PAYC opened at $288.56 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 75.15, a price-to-earnings-growth ratio of 2.48 and a beta of 1.54. The stock has a fifty day simple moving average of $317.81 and a two-hundred day simple moving average of $369.63. Paycom Software, Inc. has a 1-year low of $259.95 and a 1-year high of $558.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03.
Paycom Software (NYSE:PAYC – Get Rating) last posted its earnings results on Tuesday, May 3rd. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. The firm had revenue of $353.52 million for the quarter, compared to the consensus estimate of $343.20 million. Paycom Software had a return on equity of 25.12% and a net margin of 19.64%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. Analysts forecast that Paycom Software, Inc. will post 4.3 EPS for the current year.
Several equities analysts have recently issued reports on PAYC shares. Zacks Investment Research lowered Paycom Software from a “hold” rating to a “sell” rating and set a $360.00 target price for the company. in a report on Friday, January 14th. Mizuho upped their target price on Paycom Software from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Paycom Software from $450.00 to $425.00 in a report on Wednesday, May 4th. Piper Sandler reduced their target price on Paycom Software from $505.00 to $430.00 in a report on Wednesday, May 4th. Finally, Barclays reduced their target price on Paycom Software from $380.00 to $328.00 and set an “equal weight” rating for the company in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Buy” and an average target price of $396.29.
About Paycom Software (Get Rating)
Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.
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