Paycom Software Inc (NYSE:PAYC) Short Interest Up 50.1% in May

Paycom Software Inc (NYSE:PAYC) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,976,400 shares, a growth of 50.1% from the April 30th total of 2,649,800 shares. Based on an average daily volume of 713,600 shares, the short-interest ratio is currently 5.6 days. Currently, 8.2% of the shares of the stock are short sold.

In related news, insider Jeffrey D. York sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $204.37, for a total value of $5,109,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 2,600 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $200.95, for a total transaction of $522,470.00. The disclosure for this sale can be found here. Insiders have sold a total of 32,020 shares of company stock valued at $6,495,618 over the last 90 days. Company insiders own 16.09% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Capital Investment Advisory Services LLC bought a new position in shares of Paycom Software during the fourth quarter valued at about $27,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Paycom Software during the fourth quarter valued at about $31,000. Global Retirement Partners LLC raised its stake in shares of Paycom Software by 100.0% during the first quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. CWM LLC bought a new position in shares of Paycom Software during the first quarter valued at about $45,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Paycom Software by 1,125.0% during the first quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock valued at $46,000 after acquiring an additional 225 shares during the last quarter. 74.20% of the stock is owned by institutional investors and hedge funds.

Paycom Software stock traded up $5.88 during mid-day trading on Monday, hitting $220.22. The company’s stock had a trading volume of 19,706 shares, compared to its average volume of 807,936. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The stock has a market cap of $12.54 billion, a PE ratio of 100.98, a price-to-earnings-growth ratio of 3.06 and a beta of 1.71. The business has a 50 day moving average of $208.69. Paycom Software has a 12 month low of $96.44 and a 12 month high of $230.90.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.07). The business had revenue of $199.90 million during the quarter, compared to the consensus estimate of $195.53 million. Paycom Software had a return on equity of 39.02% and a net margin of 23.38%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities analysts forecast that Paycom Software will post 2.6 earnings per share for the current year.

Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Paycom Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Zacks Investment Research lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Canaccord Genuity upped their target price on shares of Paycom Software from $160.00 to $195.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Oppenheimer upped their target price on shares of Paycom Software from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus upped their target price on shares of Paycom Software from $150.00 to $179.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $185.69.

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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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