The company is now up by 3.63% since yesterday’s close of $71.27. Shares are trading at $73.86 which is just a bit higher than $69.45, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $62.64. The 50 day moving average went up $4.30 or +6.20% whereas the 200 day moving average was up $11.11 or +17.74%.
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..
Here are a few other firms who have also updated their positions. Hwg Holdings Lp bolstered its stake by buying 17,110 shares an increase of 100.0% in the quarter. Hwg Holdings Lp currently owns 34,223 shares valued at $2,341,000. The total value of its holdings increased 137.9%. As of the end of the quarter Advisory Services Network, LLC had bought 70 shares growing its position 388.9%. The value of the company’s investment in Paycom Software, Inc. went from $1,000 to $6,000 a change of $5,000 since the last quarter.
Manufacturers Life Insurance Company, The expanded its ownership by buying 182,391 shares an increase of 1,076.9%. Manufacturers Life Insurance Company, The claims 199,327 shares worth $13,636,000. The value of the position overall is up by 1,300.0%. Susquehanna International Group, Llp trimmed its holdings by selling 38,500 shares a decrease of 44.3% from 03/31/2017 to 06/30/2017. Susquehanna International Group, Llp owns 48,400 shares with a value of $3,311,000. The value of the position overall is down by 33.8%.
August 2 investment analysts at Credit Suisse held the company rating at “Outperform” and raised the price expectation from $30.00 to $78.00. On August 2 Canaccord Genuity maintained a stock rating of “Buy” but moved up the price target to $85.00 from $40.00.
On July 10 the stock rating was downgraded to “Neutral” from “” in an announcement from Mizuho. Wells Fargo released its first research report on the stock by announcing an initial rating of “Outperform”.
The company’s P/E ratio is 79.99 and the market cap is 4.27B. As of 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 outstanding. Analysts expect next quarter’s EPS to be $0.23 and the next full year EPS is anticipated to be $1.43.