Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.46, for a total value of $273,897.00. Following the completion of the transaction, the chief executive officer now directly owns 3,041,258 shares in the company, valued at approximately $427,175,098.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Paycom Software Stock Performance
Shares of PAYC opened at $143.04 on Friday. Paycom Software, Inc. has a 52 week low of $139.69 and a 52 week high of $374.04. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.14 and a beta of 1.17. The stock has a fifty day moving average of $163.40 and a 200-day moving average of $183.53.
Paycom Software (NYSE:PAYC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The company had revenue of $499.88 million during the quarter, compared to analysts’ expectations of $495.89 million. As a group, equities analysts forecast that Paycom Software, Inc. will post 6.37 EPS for the current year.
Paycom Software Dividend Announcement
Analyst Upgrades and Downgrades
Several research firms have recently commented on PAYC. Barclays decreased their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Citigroup decreased their target price 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. BMO Capital Markets reduced their price target on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their price target on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $237.81.
Get Our Latest Analysis on PAYC
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in Paycom Software during the 1st quarter worth $26,000. Hexagon Capital Partners LLC raised its position in Paycom Software by 333.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Palisade Asset Management LLC bought a new position in Paycom Software during the 1st quarter worth $32,000. Cary Street Partners Investment Advisory LLC raised its position in Paycom Software by 83.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after purchasing an additional 71 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in Paycom Software during the 4th quarter worth $41,000. 87.77% of the stock is currently 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.
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