Paycom Software, Inc. (NYSE:PAYC) CEO Sells $289,399.50 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 Friday, July 12th. The stock was sold at an average price of $148.41, for a total value of $289,399.50. Following the completion of the transaction, the chief executive officer now directly owns 3,019,808 shares in the company, valued at $448,169,705.28. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Paycom Software Stock Down 0.2 %

PAYC opened at $160.68 on Thursday. The stock has a market cap of $9.34 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.37 and a beta of 1.16. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $374.04. The company has a fifty day simple moving average of $154.38 and a 200 day simple moving average of $178.30.

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

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s payout ratio is presently 18.27%.

Institutional Trading of Paycom Software

Several hedge funds have recently added to or reduced their stakes in PAYC. Vanguard Group Inc. raised its stake in Paycom Software by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock worth $1,503,592,000 after buying an additional 32,038 shares during the period. DNB Asset Management AS raised its stake in shares of Paycom Software by 83.3% in the 4th quarter. DNB Asset Management AS now owns 22,347 shares of the software maker’s stock valued at $4,620,000 after purchasing an additional 10,158 shares during the period. Diversified Trust Co raised its stake in shares of Paycom Software by 24.9% in the 4th quarter. Diversified Trust Co now owns 2,840 shares of the software maker’s stock valued at $587,000 after purchasing an additional 566 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Paycom Software in the 4th quarter valued at about $347,000. Finally, Marshall Financial Group LLC raised its stake in shares of Paycom Software by 9.8% in the 4th quarter. Marshall Financial Group LLC now owns 3,035 shares of the software maker’s stock valued at $627,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets reduced their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Barclays reduced their price objective on Paycom Software from $184.00 to $161.00 and set an “equal weight” rating on the stock in a report on Tuesday. William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a report on Thursday, May 2nd. Jefferies Financial Group reduced their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Finally, Citigroup reduced their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Seventeen 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 stock has an average rating of “Hold” and an average price target 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.