Paycom Software, Inc. (NYSE:PAYC) registered a -4.37% decrease, still its new closing price is 109.90% up from the company’s 1 year high of 52.93.It posted -5.67% losses in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 13 stock analysts following this company have an average price target at $56.25, with individual PT in the $54.00-$61.00 range. The shares moved at $47.06, implying that brokerage firms see shares gaining about 56.09% in twelve months time.
Paycom Software, Inc. (PAYC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 3.45% rise year to date. A President and CEO, 10% Owner at Paycom Software, Inc. (PAYC) acquired shares in a transaction closed on Tuesday December 13, 2016. Richison Chad R. bought 25,000 shares in the company at $45.73 each and collected $1,143,000 in proceeds. Richison Chad R. now owns 7,976,354 shares in the company after this transaction. A Director in the company, Parman Larry V, disclosed a transaction on Tuesday November 15, 2016 that ended up paying $10,000 from the purchase of 250 shares at $41.82 per share.
Paycom Software, Inc. (NYSE:PAYC) Upcoming Results on Tap
Paycom Software, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.25 in that period. Sales during the quarter are predicted to arrive at $113.43 million.
Earnings surprise history: Last quarter, the company posted approximately $77.32 million in revenue and EPS of $0.15. The mean forecast was for $76.59 million and $0.11 a share, respectively. One quarter earlier, revenue for the stock was at $73.88 million, with earnings at $0.21/share.
Paycom Software, Inc. (PAYC) Brokerage Update
Paycom Software, Inc. (PAYC) is in Pacific Crest’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sector Weight from Overweight by Pacific Crest, according to news reported on Monday January 30, 2017.Another important research note was issued by JP Morgan on Wednesday November 02, 2016.The firm downgraded PAYC to Neutral from Overweight. Over the last six months and over the last three months, the shares of Paycom Software, Inc. (PAYC), have changed -0.32% and -7.09%, respectively.