Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Paycom Software (PAYC) Share Price

News headlines about Paycom Software (NYSE:PAYC) have been trending somewhat positive on Friday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog 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 0.09 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.63504835109 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of research analysts have recently commented on PAYC shares. Oppenheimer reiterated a “buy” rating and set a $88.00 price target (up from $75.00) on shares of Paycom Software in a report on Wednesday, November 1st. Wells Fargo & Co set a $89.00 price target on Paycom Software and gave the stock a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and set a $82.00 price target on shares of Paycom Software in a report on Wednesday, November 1st. Jefferies Group upped their price target on Paycom Software from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Northland Securities set a $85.00 price target on Paycom Software and gave the stock a “buy” rating in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $84.33.

Shares of Paycom Software (NYSE:PAYC) traded up $4.26 during midday trading on Friday, hitting $88.75. The company had a trading volume of 1,250,000 shares, compared to its average volume of 485,416. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5,250.00, a price-to-earnings ratio of 83.73, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. Paycom Software has a twelve month low of $42.52 and a twelve month high of $89.37.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. Paycom Software’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. equities analysts anticipate that Paycom Software will post 0.82 EPS for the current year.

In related news, insider Jeffrey D. York sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total value of $3,998,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

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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.

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

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