Paycom Software (PAYC) to Release Quarterly Earnings on Wednesday

Paycom Software (NYSE:PAYC) is expected to be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Paycom Software to post earnings of $1.99 per share and revenue of $481.13 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Paycom Software Stock Up 0.0 %

NYSE:PAYC opened at $205.29 on Wednesday. Paycom Software has a 52 week low of $139.50 and a 52 week high of $242.74. The stock’s 50-day moving average price is $214.62 and its 200-day moving average price is $189.80. The stock has a market capitalization of $11.84 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.15.

Analysts Set New Price Targets

PAYC has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Citigroup decreased their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. BMO Capital Markets boosted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Barclays cut their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $204.75.

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $228.38, for a total value of $445,341.00. Following the transaction, the chief executive officer now directly owns 2,735,310 shares of the company’s stock, valued at $624,690,097.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 5,850 shares of company stock worth $1,333,839. 12.60% of the stock is currently owned by insiders.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.