News coverage about Paycom Software (NYSE:PAYC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paycom Software earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.9644539258547 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- KeyBanc Says SaaS Investors Should Remain Bullish, But Selective (finance.yahoo.com)
- Q2 2018 EPS Estimates for Paycom Software Inc (PAYC) Boosted by KeyCorp (americanbankingnews.com)
- Paycom Software (PAYC) Receives “Buy” Rating from KeyCorp (americanbankingnews.com)
- Insider Selling: Paycom Software Inc (PAYC) Director Sells 18,750 Shares of Stock (americanbankingnews.com)
- Hortonworks (HDP) in Focus: Stock Moves 6.1% Higher (zacks.com)
A number of research analysts recently issued reports on PAYC shares. Zacks Investment Research downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Northland Securities set a $101.00 price objective on shares of Paycom Software and gave the stock a “buy” rating in a research report on Thursday, January 11th. Mizuho reduced their price target on shares of Paycom Software from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Robert W. Baird upped their price target on shares of Paycom Software from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price objective on shares of Paycom Software from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.78.
Shares of Paycom Software (NYSE:PAYC) traded up $1.83 during trading hours on Wednesday, hitting $111.35. 133,558 shares of the stock traded hands, compared to its average volume of 746,503. The stock has a market capitalization of $6,520.00, a P/E ratio of 97.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Paycom Software has a 1-year low of $53.70 and a 1-year high of $111.42.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The firm had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 46.27%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. sell-side analysts forecast that Paycom Software will post 1.85 earnings per share for the current fiscal year.
Paycom Software declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 13th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, Director Robert J. Levenson sold 18,750 shares of Paycom Software stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $107.11, for a total transaction of $2,008,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total transaction of $3,998,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,750 shares of company stock valued at $9,388,528. 17.90% of the stock is currently owned by company insiders.
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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.
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