Paycom Software Sees Unusually High Options Volume (PAYC)

Paycom Software Inc (NYSE:PAYC) was the target of unusually large options trading activity on Tuesday. Investors purchased 6,791 call options on the company. This is an increase of approximately 1,594% compared to the typical daily volume of 401 call options.

In other news, insider Kathy Oden-Hall sold 2,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $140.21, for a total value of $280,420.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $152.53, for a total transaction of $7,626,500.00. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $10,579,076 in the last ninety days. 16.24% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL grew its stake in shares of Paycom Software by 4.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 17,000 shares of the software maker’s stock worth $2,642,000 after acquiring an additional 700 shares in the last quarter. Westpac Banking Corp bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $5,271,000. Verition Fund Management LLC bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $1,020,000. Rational Advisors LLC bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $148,000. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $6,721,000. 79.89% of the stock is owned by institutional investors.

NYSE PAYC traded up $6.04 during trading hours on Thursday, reaching $120.04. 707,588 shares of the company’s stock were exchanged, compared to its average volume of 919,414. Paycom Software has a one year low of $75.39 and a one year high of $164.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 136.41, a PEG ratio of 2.07 and a beta of 1.83.

Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, October 30th. The software maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The business had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $130.52 million. During the same period in the prior year, the business earned $0.39 EPS. Paycom Software’s revenue for the quarter was up 31.6% compared to the same quarter last year. On average, analysts predict that Paycom Software will post 2.15 EPS for the current year.

PAYC has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of Paycom Software from $120.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Jefferies Financial Group upped their price target on shares of Paycom Software to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Canaccord Genuity downgraded shares of Paycom Software from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research report on Monday, October 1st. They noted that the move was a valuation call. Credit Suisse Group upped their price target on shares of Paycom Software from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research reiterated a “buy” rating and set a $141.00 price target on shares of Paycom Software in a research report on Wednesday, November 14th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.82.

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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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