Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison Sells 1,950 Shares of 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 Wednesday, October 16th. The stock was sold at an average price of $163.51, for a total transaction of $318,844.50. Following the sale, the chief executive officer now owns 2,770,410 shares of the company’s stock, valued at $452,989,739.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Paycom Software Stock Performance

Shares of PAYC opened at $165.23 on Friday. The stock has a market capitalization of $9.60 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.31 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $274.09. The company’s fifty day moving average is $164.04 and its two-hundred day moving average is $165.28.

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

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. Paycom Software’s dividend payout ratio is currently 18.27%.

Analyst Ratings Changes

PAYC has been the subject of a number of research reports. Barclays boosted their price target on shares of Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Jefferies Financial Group dropped their price target on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $180.17.

Institutional Trading of Paycom Software

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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. Janney Montgomery Scott LLC grew its position in Paycom Software by 17.7% during the first quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock worth $11,790,000 after buying an additional 8,927 shares during the period. Sylebra Capital LLC acquired a new position in Paycom Software during the first quarter worth about $253,196,000. Profund Advisors LLC purchased a new position in Paycom Software in the second quarter valued at about $589,000. Finally, Congress Asset Management Co. MA lifted its position in shares of Paycom Software by 2.6% during the 1st quarter. Congress Asset Management Co. MA now owns 510,428 shares of the software maker’s stock valued at $101,580,000 after acquiring an additional 13,031 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.