Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO Sells 1,950 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $172.43, for a total value of $336,238.50. Following the completion of the sale, the chief executive officer now owns 2,750,910 shares of the company’s stock, valued at $474,339,411.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paycom Software Trading Up 0.8 %

Shares of PAYC stock opened at $210.65 on Friday. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $222.30. The stock’s 50-day moving average price is $167.57 and its 200-day moving average price is $163.35.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a return on equity of 33.34% and a net margin of 25.78%. As a group, research analysts predict that Paycom Software, Inc. will post 6.64 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.71%. The ex-dividend date is Monday, November 25th. Paycom Software’s dividend payout ratio is presently 18.05%.

Hedge Funds Weigh In On Paycom Software

Several institutional investors have recently bought and sold shares of PAYC. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software in the 2nd quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new stake in Paycom Software during the second quarter valued at approximately $26,000. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software in the 3rd quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paycom Software in the 2nd quarter worth approximately $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Paycom Software during the 1st quarter valued at approximately $32,000. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PAYC shares. Citigroup boosted their price target on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Piper Sandler increased their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Barclays lifted their target price on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average price target of $190.80.

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.