Paycom Software, Inc. (NYSE:PAYC) CEO Sells $313,092.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $160.56, for a total transaction of $313,092.00. Following the completion of the transaction, the chief executive officer now directly owns 3,004,208 shares of the company’s stock, valued at approximately $482,355,636.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Paycom Software Trading Up 0.7 %

PAYC stock opened at $164.03 on Friday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.71 and a beta of 1.16. The firm’s 50-day moving average price is $151.90 and its two-hundred day moving average price is $176.20. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $374.04.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The company had revenue of $499.88 million for the quarter, compared to the consensus estimate of $495.89 million. Equities analysts predict that Paycom Software, Inc. will post 6.36 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, May 24th. Paycom Software’s payout ratio is 18.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC lifted its position in shares of Paycom Software by 5.9% in the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock worth $204,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC raised its stake in Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after buying an additional 60 shares in the last quarter. Optas LLC lifted its holdings in Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after buying an additional 61 shares during the period. Wahed Invest LLC boosted its position in Paycom Software by 7.9% during the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after acquiring an additional 64 shares in the last quarter. Finally, Court Place Advisors LLC grew its holdings in shares of Paycom Software by 3.3% during the 4th quarter. Court Place Advisors LLC now owns 2,065 shares of the software maker’s stock worth $427,000 after acquiring an additional 65 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PAYC shares. Barclays cut their target price on shares of Paycom Software from $184.00 to $161.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Citigroup reduced their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. BMO Capital Markets dropped their target price on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Finally, TD Cowen decreased their price target on shares of Paycom Software from $170.00 to $147.00 and set a “hold” rating on the stock in a research note on Thursday, June 20th. Seventeen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $236.38.

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.