Paycom Software, Inc. (NYSE:PAYC – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on Paycom Software
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.
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