Paycom Software, Inc. (NYSE:PAYC) CEO Sells $276,919.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $142.01, for a total value of $276,919.50. Following the transaction, the chief executive officer now owns 3,037,358 shares in the company, valued at approximately $431,335,209.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paycom Software Stock Up 0.5 %

Shares of PAYC opened at $142.95 on Thursday. The stock has a market cap of $8.31 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.16 and a beta of 1.16. Paycom Software, Inc. has a 52 week low of $139.69 and a 52 week high of $374.04. The business’s 50 day moving average price is $160.70 and its 200-day moving average price is $182.25.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $2.29. The business had revenue of $499.88 million for the quarter, compared to analysts’ expectations of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, equities analysts anticipate that Paycom Software, Inc. will post 6.37 EPS for the current year.

Paycom Software Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. BMO Capital Markets cut their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Mizuho cut their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Jefferies Financial Group cut their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average target price of $237.81.

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in Paycom Software in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its position in Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Palisade Asset Management LLC bought a new position in Paycom Software in the 1st quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new stake in Paycom Software during the 4th quarter valued at $41,000. Finally, SYSTM Wealth Solutions LLC raised its stake in Paycom Software by 75.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 225 shares of the software maker’s stock valued at $45,000 after buying an additional 97 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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.