Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison Sells 1,950 Shares

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $142.01, for a total transaction of $276,919.50. Following the transaction, the chief executive officer now directly owns 3,037,358 shares in the company, valued at $431,335,209.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paycom Software Trading Up 0.5 %

NYSE:PAYC opened at $142.95 on Thursday. The firm has a fifty day simple moving average of $160.70 and a 200-day simple moving average of $182.25. Paycom Software, Inc. has a 12 month low of $139.69 and a 12 month high of $374.04. The company has a market capitalization of $8.31 billion, a P/E ratio of 17.41, a PEG ratio of 2.16 and a beta of 1.16.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The firm had revenue of $499.88 million during the quarter, compared to analysts’ expectations of $495.89 million. Equities analysts forecast that Paycom Software, Inc. will post 6.37 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.05%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Mizuho cut their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Barclays cut their price objective on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Citigroup lowered their target price on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $237.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Oak Family Advisors LLC purchased a new position in shares of Paycom Software during the fourth quarter worth $2,994,000. ARK & TLK Investments LLC purchased a new stake in shares of Paycom Software during the 4th quarter worth about $2,260,000. Janney Montgomery Scott LLC boosted its stake in shares of Paycom Software by 26.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock worth $10,401,000 after acquiring an additional 10,555 shares in the last quarter. Norges Bank acquired a new stake in shares of Paycom Software during the 4th quarter valued at about $6,670,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Paycom Software by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,544 shares of the software maker’s stock valued at $62,542,000 after purchasing an additional 12,708 shares in the last quarter. Hedge funds and other institutional investors 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.