Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO Sells 1,950 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $167.37, for a total transaction of $326,371.50. Following the sale, the chief executive officer now owns 2,754,810 shares in the company, valued at approximately $461,072,549.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Paycom Software Trading Up 21.4 %

NYSE:PAYC opened at $209.03 on Friday. The company has a 50-day moving average price of $166.62 and a 200-day moving average price of $163.23. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.34 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $247.42.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The business had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. Equities analysts forecast that Paycom Software, Inc. will post 6.64 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software’s dividend payout ratio (DPR) is currently 18.07%.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC purchased a new position in shares of Paycom Software during the first quarter valued at approximately $212,000. SteelPeak Wealth LLC purchased a new position in Paycom Software during the first quarter valued at $203,000. Allspring Global Investments Holdings LLC raised its stake in Paycom Software by 3.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,544 shares of the software maker’s stock valued at $1,302,000 after buying an additional 217 shares during the last quarter. Lifestyle Asset Management Inc. bought a new stake in Paycom Software in the first quarter worth $241,000. Finally, Meadow Creek Wealth Advisors LLC purchased a new stake in shares of Paycom Software in the first quarter worth $1,537,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their target price on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Jefferies Financial Group boosted their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup upped their target price on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $186.92.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.