Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck Sells 3,600 Shares

Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck sold 3,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the sale, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Paycom Software Price Performance

NYSE PAYC opened at $218.96 on Wednesday. The stock has a market capitalization of $12.54 billion, a PE ratio of 24.60, a PEG ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The business’s 50-day moving average is $207.67 and its 200 day moving average is $194.49.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. Paycom Software’s payout ratio is presently 16.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $209.22.

Institutional Trading of Paycom Software

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in shares of Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after purchasing an additional 905 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after acquiring an additional 41,187 shares in the last quarter. Principal Financial Group Inc. boosted its position in Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after acquiring an additional 5,574 shares in the last quarter. FMR LLC boosted its position in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock valued at $167,889,000 after acquiring an additional 357,723 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Paycom Software by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock valued at $41,952,000 after acquiring an additional 6,916 shares in 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.