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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $166.60, for a total value of $324,870.00. Following the transaction, the chief executive officer now owns 2,795,310 shares of the company’s stock, valued at $465,698,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Paycom Software Stock Down 0.1 %

Shares of Paycom Software stock traded down $0.23 during trading hours on Tuesday, reaching $166.34. 504,759 shares of the company’s stock were exchanged, compared to its average volume of 841,217. The business has a fifty day moving average of $163.39 and a two-hundred day moving average of $167.51. The company has a market capitalization of $9.67 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $279.96.

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

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.

Institutional Trading of Paycom Software

A number of hedge funds and other institutional investors have recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software in the second quarter worth approximately $25,000. Mather Group LLC. acquired a new position in shares of Paycom Software in the 1st quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Paycom Software during the 2nd quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software during the 2nd quarter worth about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Paycom Software during the first quarter valued at about $32,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PAYC shares. Barclays lifted their target price on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. TD Cowen upped their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group dropped their target price on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Citigroup lowered 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $179.75.

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.