Paycom Software, Inc. (NYSE:PAYC) Director J C. Watts, Jr. Sells 500 Shares

Paycom Software, Inc. (NYSE:PAYC) Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $219.49 on Thursday. The firm has a market cap of $12.57 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm’s 50 day moving average price is $207.39 and its 200 day moving average price is $194.92.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.68%. Paycom Software’s payout ratio is 16.85%.

Hedge Funds Weigh In On Paycom Software

A number of large investors have recently bought and sold shares of PAYC. Sylebra Capital LLC increased its holdings in shares of Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock worth $658,996,000 after buying an additional 1,252,617 shares during the last quarter. FMR LLC lifted its stake in shares of Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock valued at $491,201,000 after purchasing an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Paycom Software by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock worth $310,245,000 after purchasing an additional 89,848 shares during the period. Northern Trust Corp raised its holdings in Paycom Software by 10.9% in the fourth quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock valued at $148,402,000 after buying an additional 70,897 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Paycom Software by 1.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after buying an additional 6,488 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PAYC shares. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Piper Sandler increased their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Citigroup cut their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.22.

About Paycom Software

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.