Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $163.12, for a total transaction of $318,084.00. Following the transaction, the chief executive officer now directly owns 3,534,499 shares of the company’s stock, valued at $576,547,476.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Paycom Software Trading Down 0.0 %
Shares of NYSE:PAYC traded down $0.06 during midday trading on Wednesday, hitting $163.04. The company had a trading volume of 528,449 shares, compared to its average volume of 843,658. The firm has a fifty day simple moving average of $154.08 and a 200 day simple moving average of $170.66. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.22 and a beta of 1.16. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $299.00.
Paycom Software Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.92%. Paycom Software’s payout ratio is currently 18.27%.
Wall Street Analyst Weigh In
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Institutional Trading of Paycom Software
Hedge funds have recently modified their holdings of the company. ARK & TLK Investments LLC bought a new position in Paycom Software during the fourth quarter worth about $2,260,000. Janney Montgomery Scott LLC grew its position in shares of Paycom Software by 26.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock valued at $10,401,000 after purchasing an additional 10,555 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock worth $12,848,000 after purchasing an additional 14,670 shares in the last quarter. Norges Bank acquired a new stake in Paycom Software during the 4th quarter worth approximately $6,670,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Paycom Software by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 302,544 shares of the software maker’s stock valued at $62,542,000 after buying an additional 12,708 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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