Insider Selling: Paycom Software, Inc. (NYSE:PAYC) Director Sells 500 Shares of Stock

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

Paycom Software Stock Up 0.2 %

Shares of PAYC traded up $0.42 during trading on Wednesday, reaching $219.49. The company’s stock had a trading volume of 636,519 shares, compared to its average volume of 562,419. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.40 and a beta of 1.15. The company has a fifty day moving average of $207.39 and a two-hundred day moving average of $194.92.

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

Paycom Software Announces Dividend

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

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after acquiring an additional 905 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Paycom Software by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after purchasing an additional 41,187 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after purchasing an additional 5,574 shares during the period. FMR LLC lifted its position in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after buying an additional 357,723 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Paycom Software by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock valued at $41,952,000 after buying an additional 6,916 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PAYC shares. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus reduced their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price target on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Mizuho increased their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.