A Director at Paycom (NYSE: PAYC) is Buying Shares

By Carrie Williams

Today, a Director at Paycom (NYSE: PAYC), Frederick Peters, bought shares of PAYC for $41.24K.

Following this transaction Frederick Peters’ holding in the company was increased by 5% to a total of $831.6K. In addition to Frederick Peters, 5 other PAYC executives reported Buy trades in the last month.

Based on Paycom’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $77.33 million and quarterly net profit of $6.15 million. In comparison, last year the company earned revenue of $55.34 million and had a net profit of $3.8 million. The company has a one year high of $52.93 and a one year low of $22.42. PAYC’s market cap is $2.4B and the company has a P/E ratio of 61.43.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $56.50, reflecting a -26.4% downside. 11 different firms, including Canaccord Genuity and Barclays, 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 positive according to 63 insider trades in the past three months. This sentiment is slightly higher 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.