Shares of the company are trading at $82.20 which is slightly above $77.29, the stock’s 50 day moving average and which is well above the 200 day moving average of $70.33. The 50 day moving average was up $4.91 whereas the 200 day average was up by +16.87%. 970K shares changed hands on Tuesday. Trading volume was up 172.90% over the stocks average daily volume.
Investors are feeling more bearish recently if you take note of the rise in short interest. The stock realized a rise in short interest between September 29, 2017 and October 13, 2017 of 0.09%. Short interest grew from 8,051,919 to 8,059,164 over that period. Days to cover increased from 19.0 to 26.0 and the percentage of shorted shares is 0.14% as of October 13.
Paycom Software, Inc. (NYSE:PAYC) has been the object of insider selling activity recently. Jeffrey D. York, Chief Sales Officer sold $2,984,400 worth of shares at an average price of $74.61 on Mon the 2nd. That brings the Chief Sales Officer’s holdings to $57,168,495 as recorded in a recent Form 4 SEC filing. Craig E. Boelte, CFO disclosed the sale of 11,000 shares of (PAYC). The shares were purchased at an average price of $74.99. Boelte now owns $29,099,345 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PAYC). As of the end of the quarter Nationwide Fund Advisors had acquired 14,461 shares growing its holdings by 4.1%. The value of the investment in Paycom Software, Inc. increased from $24,422,000 to $27,844,000 increasing 14.0% since the last quarter. As of quarter end Calamos Advisors LLC had sold a total of 1,647 shares trimming its stake by 1.3%. The value of the company’s investment in Paycom Software, Inc. went from $8,891,000 to $9,618,000 a change of 8.2% for the reporting period.
Raymond James Financial Services Advisors, Inc. downsized its holdings by shedding 6,406 shares a decrease of 31.9% in the quarter. Raymond James Financial Services Advisors, Inc. currently owns 13,648 shares worth $1,023,000. The total value of its holdings decreased 25.4%. Simplex Trading, LLC cut its stake by selling 875 shares a decrease of 89.3% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC now controls 105 shares with a value of $7,000. The value of the position overall is down by 89.6%.
August 2 investment analysts at Canaccord Genuity kept the stock rating at “Buy” but raised the price target to $85.00 from $40.00. On August 2 Credit Suisse left the stock rating at “Outperform” and moved up the price target from $30.00 to $78.00.
September 13 investment analysts at Barclays kept the company rating at “Overweight” and raised the price target to $82.00 from $55.00. On October 31, 2017 Dougherty added the stock to its research portfolio with a rating of “”.
The most current P/E ratio is 89.15 and market cap is 4.76B. In the last earnings report the EPS was $0.92 and is expected to be $1.15 for the current year with 57,960,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.23 and the next full year EPS is anticipated to be $1.43.
Paycom Software, Inc., launched on October 31, 2013, is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Business’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA. The Business’s solution allows clients to analyze employee information to make business decisions based upon actionable, real-time, point-and-click analytics provided through its client dashboard. The Business’s HCM solution offers a range of applications, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management..