Paycom Software, Inc. (NYSE:PAYC) CEO Sells $326,254.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $167.31, for a total transaction of $326,254.50. Following the sale, the chief executive officer now directly owns 2,935,958 shares of the company’s stock, valued at approximately $491,215,132.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $169.38 on Monday. The company has a market cap of $9.73 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.38 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $283.00. The firm’s fifty day moving average is $159.32 and its two-hundred day moving average is $168.49.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The company had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. As a group, analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.89%. Paycom Software’s dividend payout ratio is currently 18.27%.

Institutional Investors Weigh In On Paycom Software

Several large investors have recently bought and sold shares of PAYC. Ashton Thomas Private Wealth LLC purchased a new stake in Paycom Software during the second quarter valued at approximately $25,000. Mather Group LLC. bought a new position in shares of Paycom Software during the 1st quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in Paycom Software during the 2nd quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paycom Software in the second quarter worth $27,000. Finally, Palisade Asset Management LLC purchased a new position in Paycom Software during the first quarter worth $32,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen upped their price target on Paycom Software from $147.00 to $171.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Barclays lifted their price objective on Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group reduced their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $178.33.

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.