Paycom Software, Inc. (NYSE:PAYC) CEO Sells $324,909.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.62, for a total value of $324,909.00. Following the completion of the transaction, the chief executive officer now owns 2,791,410 shares of the company’s stock, valued at $465,104,734.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Paycom Software Trading Up 0.8 %

PAYC opened at $167.97 on Friday. The company has a fifty day simple moving average of $163.73 and a 200 day simple moving average of $167.01. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.37 and a beta of 1.17. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $279.96.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The firm had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. On average, analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.89%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PAYC shares. Jefferies Financial Group decreased their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. TD Cowen upped their price objective on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Citigroup lowered their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Barclays raised their price objective on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $179.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Paycom Software in the 1st quarter valued at about $26,000. Palisade Asset Management LLC bought a new stake in Paycom Software in the first quarter valued at about $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in Paycom Software during the second quarter valued at approximately $25,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software during the second quarter valued at approximately $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Paycom Software during the 2nd quarter worth approximately $27,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.