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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $142.43, for a total transaction of $277,738.50. Following the completion of the sale, the chief executive officer now directly owns 3,035,408 shares in the company, valued at approximately $432,333,161.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Paycom Software Price Performance

PAYC opened at $142.95 on Thursday. The company has a fifty day moving average price of $160.70 and a 200-day moving average price of $182.25. The firm has a market capitalization of $8.31 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. Paycom Software, Inc. has a one year low of $139.69 and a one year high of $374.04.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. The firm had revenue of $499.88 million during 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%. On average, analysts expect that Paycom Software, Inc. will post 6.37 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.375 per share. The ex-dividend date was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.05%. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. HBK Sorce Advisory LLC grew its position in Paycom Software by 5.9% in the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock worth $204,000 after acquiring an additional 55 shares in the last quarter. Empirical Finance LLC grew its position in Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares in the last quarter. Optas LLC grew its position in Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after acquiring an additional 61 shares in the last quarter. Bouvel Investment Partners LLC grew its position in Paycom Software by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after acquiring an additional 63 shares in the last quarter. Finally, Wahed Invest LLC grew its position in Paycom Software by 7.9% in the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after acquiring an additional 64 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Mizuho lowered their price target on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. TD Cowen lowered their price target on shares of Paycom Software from $170.00 to $147.00 and set a “hold” rating on the stock in a report on Thursday, June 20th. Jefferies Financial Group lowered their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Barclays lowered 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. Finally, Citigroup lowered their target price on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $237.81.

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.