Paycom Software Inc (PAYC) was Initiated by RBC Capital Mkts to “Sector Perform” and the brokerage firm has set the Price Target at $54. RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .
On the company’s financial health, Paycom Software Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.13. The company had revenue of $73.88 million for the quarter, compared to analysts expectations of $70.70 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Paycom Software Inc opened for trading at $50.28 and hit $51.46 on the upside on Tuesday, eventually ending the session at $51.08, with a gain of 1.29% or 0.65 points. The heightened volatility saw the trading volume jump to 5,29,953 shares. Company has a market cap of $3,056 M.
In a different news, on Sep 9, 2016, William X. Iii Kerber (Chief Information Officer) sold 55,000 shares at $52.14 per share price. According to the SEC, on Sep 1, 2016, Craig E. Boelte (Chief Financial Officer) sold 40,000 shares at $51.29 per share price. On Aug 18, 2016, Stacey M Pezold (Chief Operating Officer) sold 40,000 shares at $50.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Paycom Software Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Company’s solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. Talent acquisition includes applicant tracking candidate tracker background checks on-boarding e-verify and tax credit services. Time and labor management includes time and attendance scheduling/schedule exchange time-off requests labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management Paycom pay expense management and garnishment management. Talent management includes employee self-service compensation budgeting performance management executive dashboard and Paycom learning. Human resources management includes document and task management government and compliance benefits administration COBRA administration personnel action forms surveys and ACA dashboard.