Jon Evans Sells 2,100 Shares of Paycom Software Inc (NYSE:PAYC) Stock

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Paycom Software Inc (NYSE:PAYC) COO Jon Evans sold 2,100 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $240.47, for a total value of $504,987.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jon Evans also recently made the following trade(s):

  • On Monday, May 13th, Jon Evans sold 2,047 shares of Paycom Software stock. The shares were sold at an average price of $200.30, for a total value of $410,014.10.
  • On Tuesday, April 16th, Jon Evans sold 2,373 shares of Paycom Software stock. The stock was sold at an average price of $191.27, for a total value of $453,883.71.

PAYC opened at $243.87 on Friday. The business’s 50-day moving average price is $221.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04. Paycom Software Inc has a one year low of $100.87 and a one year high of $246.85. The firm has a market capitalization of $14.04 billion, a PE ratio of 111.87, a P/E/G ratio of 3.42 and a beta of 1.64.

Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, April 30th. The software maker reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.07). The firm had revenue of $199.90 million for the quarter, compared to analyst estimates of $195.53 million. Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. As a group, equities research analysts forecast that Paycom Software Inc will post 2.6 earnings per share for the current fiscal year.

A number of analysts have recently commented on PAYC shares. Jefferies Financial Group lifted their target price on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price (down previously from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Zendesk from $75.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald started coverage on Upwork in a research report on Tuesday, June 18th. They set an “overweight” rating on the stock. Finally, Oppenheimer lifted their target price on Paycom Software from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $194.29.

Hedge funds have recently modified their holdings of the stock. Intrust Bank NA increased its position in Paycom Software by 1.3% in the 1st quarter. Intrust Bank NA now owns 5,642 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 74 shares during the period. State of Wisconsin Investment Board increased its position in Paycom Software by 8.7% in the 1st quarter. State of Wisconsin Investment Board now owns 88,012 shares of the software maker’s stock valued at $16,646,000 after acquiring an additional 7,040 shares during the period. Advisor Group Inc. increased its position in Paycom Software by 6.1% in the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the software maker’s stock valued at $1,267,000 after acquiring an additional 593 shares during the period. BlackRock Inc. increased its position in Paycom Software by 0.6% in the 1st quarter. BlackRock Inc. now owns 2,225,342 shares of the software maker’s stock valued at $420,878,000 after acquiring an additional 12,749 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its position in Paycom Software by 5.7% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 3,726 shares of the software maker’s stock valued at $706,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 74.38% of the company’s stock.

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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Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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