Paycom Software Sees Unusually Large Options Volume (PAYC)

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Paycom Software Inc (NYSE:PAYC) was the target of some unusual options trading on Tuesday. Traders bought 3,346 call options on the company. This is an increase of 1,300% compared to the average volume of 239 call options.

In other Paycom Software news, CFO Craig E. Boelte sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total transaction of $1,545,360.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.24% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYC. Public Employees Retirement System of Ohio purchased a new position in Paycom Software in the second quarter worth about $1,998,000. Advisors Asset Management Inc. grew its position in Paycom Software by 11.7% in the second quarter. Advisors Asset Management Inc. now owns 13,749 shares of the software maker’s stock worth $1,359,000 after acquiring an additional 1,439 shares in the last quarter. United Services Automobile Association grew its position in Paycom Software by 101.7% in the second quarter. United Services Automobile Association now owns 25,980 shares of the software maker’s stock worth $2,568,000 after acquiring an additional 13,100 shares in the last quarter. Nwam LLC purchased a new position in Paycom Software in the third quarter worth about $255,000. Finally, We Are One Seven LLC purchased a new position in Paycom Software in the third quarter worth about $419,000. Institutional investors own 77.46% of the company’s stock.

PAYC has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on Paycom Software to $139.00 and gave the company a “market perform” rating in a report on Monday. Jefferies Financial Group raised their price objective on Paycom Software to $139.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Zacks Investment Research restated a “buy” rating and set a $141.00 price objective on shares of Paycom Software in a research report on Wednesday, November 14th. Finally, Needham & Company LLC raised their price objective on Paycom Software to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Paycom Software has an average rating of “Hold” and a consensus price target of $129.94.

Shares of Paycom Software stock opened at $156.96 on Wednesday. The stock has a market cap of $9.14 billion, a PE ratio of 178.36, a PEG ratio of 2.20 and a beta of 1.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. Paycom Software has a twelve month low of $80.39 and a twelve month high of $164.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. The firm had revenue of $150.33 million during the quarter, compared to analyst estimates of $144.10 million. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Analysts anticipate that Paycom Software will post 2.15 earnings per share for the current fiscal year.

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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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