Paycom Software, Inc. (NYSE:PAYC – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Analysis on PAYC
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.
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