The President & CEO of Paycom (NYSE: PAYC) is Buying Shares

By Carrie Williams

The President & CEO of Paycom (NYSE: PAYC) is Buying Shares Today, the President & CEO of Paycom (NYSE: PAYC), Chad Richison, bought shares of PAYC for $240.6K.

Based on Paycom’s latest earnings report from June 30, the company posted quarterly revenue of $73.88M and quarterly net profit of $10.42M. In comparison, last year the company earned revenue of $55.34M and had a net profit of $3.85M. The company has a one year high of $52.93 and a one year low of $22.42. PAYC’s market cap is $2.49B and the company has a P/E ratio of 63.21.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $55.67, reflecting a -22.8% downside. 11 different firms, including Barclays and Canaccord Genuity, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy PAYC with a $55 price target.

The insider sentiment on Paycom has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Paycom Software, Inc. provides cloud-based human capital management software solutions delivered as Software-as-a-Service. The company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources management applications. The company was founded by Chad Richison in 1998 and is headquartered in Oklahoma, OK.