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

Paycom Software, Inc. (NYSE:PAYCGet Free Report) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $140.79, for a total value of $274,540.50. Following the sale, the chief executive officer now owns 3,027,608 shares of the company’s stock, valued at approximately $426,256,930.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Price Performance

NYSE PAYC opened at $140.16 on Wednesday. The firm has a market cap of $8.14 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.15 and a beta of 1.16. The stock’s 50-day moving average is $157.83 and its 200-day moving average is $180.74. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $374.04.

Paycom Software (NYSE:PAYCGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. The business had revenue of $499.88 million during the quarter, compared to the consensus estimate of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. Equities analysts anticipate that Paycom Software, Inc. will post 6.37 EPS for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.07%. Paycom Software’s payout ratio is presently 18.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PAYC shares. Citigroup dropped their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Mizuho dropped their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Barclays dropped their price objective on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. Finally, Jefferies Financial Group dropped their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average target price of $237.81.

View Our Latest Stock Analysis on PAYC

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Trust Co. of Vermont grew its holdings in shares of Paycom Software by 164.1% during the second quarter. Trust Co. of Vermont now owns 845 shares of the software maker’s stock worth $121,000 after buying an additional 525 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Paycom Software by 128.8% during the second quarter. Mather Group LLC. now owns 286 shares of the software maker’s stock worth $41,000 after buying an additional 161 shares in the last quarter. Cascade Investment Advisors Inc. bought a new position in shares of Paycom Software during the second quarter worth about $943,000. HBW Advisory Services LLC grew its holdings in shares of Paycom Software by 31.5% during the second quarter. HBW Advisory Services LLC now owns 15,138 shares of the software maker’s stock worth $2,165,000 after buying an additional 3,625 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Paycom Software by 3.3% during the second quarter. DNB Asset Management AS now owns 9,488 shares of the software maker’s stock worth $1,357,000 after buying an additional 299 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Company Profile

(Get Free Report)

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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