Paycom Software (NYSE:PAYC) Sees Strong Trading Volume

Paycom Software, Inc. (NYSE:PAYC – Get Rating) saw unusually-strong trading volume on Tuesday . Approximately 435,326 shares were traded during trading, a decline of 19% from the previous session’s volume of 536,303 shares.The stock last traded at $286.26 and had previously closed at $289.20.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PAYC shares. Barclays boosted their target price on shares of Paycom Software from $324.00 to $336.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Paycom Software from $400.00 to $370.00 in a research note on Wednesday, May 3rd. BMO Capital Markets boosted their target price on shares of Paycom Software from $289.00 to $302.00 in a research note on Wednesday, May 3rd. KeyCorp lowered their price objective on shares of Paycom Software from $432.00 to $405.00 in a research note on Wednesday, May 3rd. Finally, Citigroup upped their price objective on shares of Paycom Software from $357.00 to $361.00 in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $368.53.

Paycom Software Trading Down 1.1 %

The company has a 50 day moving average of $285.50 and a 200 day moving average of $302.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 52.69, a P/E/G ratio of 1.84 and a beta of 1.41.

Paycom Software (NYSE:PAYC – Get Rating) last issued its earnings results on Tuesday, May 2nd. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. Paycom Software had a return on equity of 26.29% and a net margin of 20.96%. The business had revenue of $451.64 million during the quarter, compared to the consensus estimate of $444.23 million. On average, research analysts predict that Paycom Software, Inc. will post 6.17 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, May 26th.

Insider Activity at Paycom Software

In related news, Director Jason D. Clark sold 1,070 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $278.33, for a total transaction of $297,813.10. Following the completion of the sale, the director now owns 4,741 shares in the company, valued at $1,319,562.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in Paycom Software during the first quarter worth $48,000. Cetera Advisor Networks LLC increased its stake in Paycom Software by 15.4% in the first quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after purchasing an additional 103 shares during the last quarter. Acadian Asset Management LLC increased its stake in Paycom Software by 356.2% in the first quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock valued at $140,000 after purchasing an additional 317 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Paycom Software by 62.1% in the first quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock valued at $1,295,000 after purchasing an additional 1,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Paycom Software by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock valued at $2,232,000 after purchasing an additional 401 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

About Paycom Software

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Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.