Media headlines about Paycom Software (NYSE:PAYC) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paycom Software earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 53 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Paycom Software, Inc. (PAYC) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Riding High: Paycom Software (rttnews.com)
- Eagle & Beagle: Best and worst performers among state stocks last week (newsok.com)
- New Market Research Report: Core HR Software Market – Global Forecast to 2022 (sbwire.com)
PAYC has been the topic of several research reports. Zacks Investment Research raised shares of Paycom Software from a “sell” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, April 11th. Jefferies Group LLC lifted their price objective on shares of Paycom Software from $58.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Wunderlich reaffirmed a “buy” rating and issued a $62.00 price objective (up previously from $57.00) on shares of Paycom Software in a research report on Thursday, February 23rd. Mizuho initiated coverage on shares of Paycom Software in a research report on Friday, March 3rd. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Co initiated coverage on shares of Paycom Software in a research report on Thursday, May 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Paycom Software currently has an average rating of “Buy” and an average price target of $61.42.
Shares of Paycom Software (NYSE:PAYC) traded down 0.69% during trading on Tuesday, reaching $70.35. 959,684 shares of the company traded hands. Paycom Software has a 52 week low of $38.94 and a 52 week high of $72.80. The company has a market capitalization of $4.07 billion, a P/E ratio of 82.09 and a beta of 1.77. The company’s 50-day moving average price is $66.01 and its 200-day moving average price is $55.70.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, May 2nd. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Paycom Software had a net margin of 14.19% and a return on equity of 33.01%. The company had revenue of $119.51 million for the quarter, compared to analysts’ expectations of $115.70 million. Equities research analysts forecast that Paycom Software will post $1.09 EPS for the current fiscal year.
In other Paycom Software news, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $58.01, for a total transaction of $2,320,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.90% of the stock is currently owned by company insiders.
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About Paycom Software
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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