Chad R. Richison Sells 1,950 Shares of Paycom Software, Inc. (NYSE:PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $170.27, for a total value of $332,026.50. Following the sale, the chief executive officer now owns 2,932,058 shares in the company, valued at approximately $499,241,515.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Paycom Software Stock Performance

PAYC stock opened at $170.94 on Thursday. The company has a market cap of $9.93 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.17. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $279.96. The stock’s 50 day simple moving average is $161.09 and its 200 day simple moving average is $168.30.

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

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio is presently 18.27%.

Hedge Funds Weigh In On Paycom Software

Several institutional investors have recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC bought a new position in Paycom Software during the second quarter valued at $25,000. Mather Group LLC. bought a new position in Paycom Software during the first quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in Paycom Software during the second quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paycom Software in the second quarter worth $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Paycom Software in the first quarter worth $32,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PAYC shares. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Jefferies Financial Group cut their target price 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. Citigroup dropped their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Barclays raised their price target on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus price target 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.