Paycom Software, Inc. (NYSE:PAYC) CEO Sells $319,351.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $163.77, for a total transaction of $319,351.50. Following the transaction, the chief executive officer now directly owns 2,774,310 shares of the company’s stock, valued at $454,348,748.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paycom Software Price Performance

NYSE PAYC traded up $0.25 on Tuesday, hitting $164.93. The company had a trading volume of 511,314 shares, compared to its average volume of 821,913. The company has a market capitalization of $9.58 billion, a PE ratio of 20.47, a PEG ratio of 2.31 and a beta of 1.17. The company’s fifty day moving average price is $163.57 and its 200-day moving average price is $165.53. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $275.67.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The company had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.91%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Analysts Set New Price Targets

A number of research firms have issued reports on PAYC. Jefferies Financial Group reduced their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, June 24th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. TD Cowen lifted their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Citigroup cut their target price on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Paycom Software has an average rating of “Hold” and an average target price of $180.17.

Institutional Investors Weigh In On Paycom Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its stake in Paycom Software by 74.3% during the 3rd quarter. NBC Securities Inc. now owns 1,459 shares of the software maker’s stock worth $243,000 after purchasing an additional 622 shares during the last quarter. Michael S. Ryan Inc. acquired a new position in shares of Paycom Software during the 3rd quarter valued at about $454,000. Creative Planning boosted its position in shares of Paycom Software by 27.5% during the 3rd quarter. Creative Planning now owns 7,586 shares of the software maker’s stock valued at $1,264,000 after acquiring an additional 1,635 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Paycom Software during the 3rd quarter valued at about $219,000. Finally, Grove Bank & Trust boosted its position in shares of Paycom Software by 13.0% during the 3rd quarter. Grove Bank & Trust now owns 3,796 shares of the software maker’s stock valued at $632,000 after acquiring an additional 436 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.