Paycom Software, Inc. (NYSE:PAYC) CEO Sells $441,772.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $226.55, for a total transaction of $441,772.50. Following the completion of the transaction, the chief executive officer now directly owns 2,737,260 shares of the company’s stock, valued at $620,126,253. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paycom Software Stock Up 0.5 %

Paycom Software stock traded up $1.19 during mid-day trading on Tuesday, hitting $228.89. The company had a trading volume of 621,562 shares, compared to its average volume of 817,055. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.06 and a beta of 1.14. The business has a fifty day moving average of $174.86 and a 200 day moving average of $164.60. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $233.69.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid 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 0.66%. Paycom Software’s payout ratio is currently 18.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays raised their target price on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler raised their target price on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen raised their target price on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, Mizuho lifted their target price on shares of Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average price target of $193.67.

Institutional Trading of Paycom Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after purchasing an additional 905 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock worth $12,848,000 after acquiring an additional 14,670 shares during the period. Sylebra Capital LLC acquired a new stake in shares of Paycom Software in the 1st quarter valued at $253,196,000. Profund Advisors LLC acquired a new stake in shares of Paycom Software during the 2nd quarter valued at $589,000. Finally, BOKF NA boosted its stake in Paycom Software by 453.0% during the 1st quarter. BOKF NA now owns 9,219 shares of the software maker’s stock valued at $1,828,000 after purchasing an additional 7,552 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.