Paycom Software Target of Unusually High Options Trading (PAYC)

Paycom Software Inc (NYSE:PAYC) saw some unusual options trading on Tuesday. Investors bought 3,346 call options on the stock. This is an increase of approximately 1,300% compared to the typical daily volume of 239 call options.

PAYC opened at $156.96 on Wednesday. Paycom Software has a 12-month low of $80.39 and a 12-month 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 firm has a market cap of $9.14 billion, a PE ratio of 80.81, a PEG ratio of 2.20 and a beta of 1.78.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The business had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. During the same quarter in the prior year, the company earned $0.90 EPS. The business’s revenue was up 31.8% compared to the same quarter last year. On average, equities analysts expect that Paycom Software will post 2.15 EPS for the current year.

In other Paycom Software news, CFO Craig E. Boelte sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total value of $1,545,360.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 16.24% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC purchased a new stake in shares of Paycom Software during the 4th quarter worth $27,000. First Bank & Trust lifted its stake in shares of Paycom Software by 300.8% during the 4th quarter. First Bank & Trust now owns 485 shares of the software maker’s stock worth $59,000 after purchasing an additional 364 shares during the last quarter. Huntington National Bank lifted its stake in shares of Paycom Software by 217.4% during the 4th quarter. Huntington National Bank now owns 584 shares of the software maker’s stock worth $72,000 after purchasing an additional 400 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Paycom Software during the 3rd quarter worth $132,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Paycom Software during the 3rd quarter worth $144,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Several brokerages have commented on PAYC. ValuEngine downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Canaccord Genuity cut their price objective on Paycom Software from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Zacks Investment Research downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Credit Suisse Group upped their price objective on Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. Finally, Needham & Company LLC increased their price target on Paycom Software to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $129.94.

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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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