Paycom Software, Inc. (NYSE:PAYC) CFO Craig E. Boelte Sells 2,709 Shares of Stock

Paycom Software, Inc. (NYSE:PAYCGet Rating) CFO Craig E. Boelte sold 2,709 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $275.24, for a total value of $745,625.16. Following the completion of the sale, the chief financial officer now directly owns 260,773 shares of the company’s stock, valued at $71,775,160.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE PAYC opened at $288.56 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 75.15, a price-to-earnings-growth ratio of 2.48 and a beta of 1.54. The stock has a fifty day simple moving average of $317.81 and a two-hundred day simple moving average of $369.63. Paycom Software, Inc. has a 1-year low of $259.95 and a 1-year high of $558.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03.

Paycom Software (NYSE:PAYCGet Rating) last posted its earnings results on Tuesday, May 3rd. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. The firm had revenue of $353.52 million for the quarter, compared to the consensus estimate of $343.20 million. Paycom Software had a return on equity of 25.12% and a net margin of 19.64%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. Analysts forecast that Paycom Software, Inc. will post 4.3 EPS for the current year.

Large investors have recently bought and sold shares of the business. Moors & Cabot Inc. purchased a new stake in shares of Paycom Software during the third quarter worth $25,000. Quent Capital LLC purchased a new stake in shares of Paycom Software during the fourth quarter worth $27,000. Allworth Financial LP lifted its position in shares of Paycom Software by 157.1% during the first quarter. Allworth Financial LP now owns 108 shares of the software maker’s stock worth $37,000 after acquiring an additional 66 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Paycom Software by 54.8% during the fourth quarter. Quadrant Capital Group LLC now owns 96 shares of the software maker’s stock worth $40,000 after acquiring an additional 34 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Paycom Software during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 87.12% of the company’s stock.

Several equities analysts have recently issued reports on PAYC shares. Zacks Investment Research lowered Paycom Software from a “hold” rating to a “sell” rating and set a $360.00 target price for the company. in a report on Friday, January 14th. Mizuho upped their target price on Paycom Software from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Paycom Software from $450.00 to $425.00 in a report on Wednesday, May 4th. Piper Sandler reduced their target price on Paycom Software from $505.00 to $430.00 in a report on Wednesday, May 4th. Finally, Barclays reduced their target price on Paycom Software from $380.00 to $328.00 and set an “equal weight” rating for the company in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Buy” and an average target price of $396.29.

About Paycom Software (Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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