Paycom Software, Inc. (NYSE:PAYC) CEO Sells $276,919.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $142.01, for a total transaction of $276,919.50. Following the transaction, the chief executive officer now directly owns 3,037,358 shares in the company, valued at approximately $431,335,209.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Paycom Software Stock Down 0.0 %

Shares of PAYC opened at $142.27 on Wednesday. Paycom Software, Inc. has a twelve month low of $139.69 and a twelve month high of $374.04. The stock has a market cap of $8.27 billion, a PE ratio of 17.33, a P/E/G ratio of 2.17 and a beta of 1.16. The business’s 50-day moving average price is $161.60 and its 200-day moving average price is $182.53.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. The business had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. Analysts expect that Paycom Software, Inc. will post 6.37 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a yield of 1.05%. Paycom Software’s dividend payout ratio is currently 18.27%.

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Paycom Software by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock worth $1,227,278,000 after purchasing an additional 137,583 shares during the last quarter. Sylebra Capital LLC purchased a new position in Paycom Software in the 1st quarter worth approximately $253,196,000. American Century Companies Inc. increased its holdings in shares of Paycom Software by 18.8% in the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after buying an additional 180,202 shares during the last quarter. Brown Capital Management LLC raised its position in shares of Paycom Software by 10.1% during the 4th quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock valued at $228,642,000 after buying an additional 101,744 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Paycom Software by 7.9% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock worth $182,426,000 after acquiring an additional 71,272 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PAYC shares. TD Cowen decreased their price target on Paycom Software from $170.00 to $147.00 and set a “hold” rating for the company in a research report on Thursday, June 20th. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Barclays cut their price target on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. BMO Capital Markets decreased their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Finally, Citigroup lowered their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $237.81.

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.