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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $163.63, for a total value of $319,078.50. Following the sale, the chief executive officer now owns 2,776,260 shares of the company’s stock, valued at approximately $454,279,423.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Price Performance

Shares of PAYC stock opened at $164.93 on Wednesday. The business’s fifty day moving average price is $163.70 and its 200 day moving average price is $165.29. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $275.67. The firm has a market capitalization of $9.58 billion, a PE ratio of 20.09, a P/E/G ratio of 2.31 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The firm had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Equities research analysts expect that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Institutional Trading of Paycom Software

Several large investors have recently bought and sold shares of the company. Empirical Finance LLC grew its holdings in Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock valued at $314,000 after purchasing an additional 60 shares during the last quarter. Optas LLC lifted its position in shares of Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after acquiring an additional 61 shares in the last quarter. Wahed Invest LLC lifted its position in shares of Paycom Software by 7.9% in the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after acquiring an additional 64 shares in the last quarter. Davis Investment Partners LLC lifted its position in shares of Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 64 shares in the last quarter. Finally, Andina Capital Management LLC lifted its position in shares of Paycom Software by 4.5% in the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock valued at $227,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Citigroup reduced their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Barclays boosted their price objective on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. TD Cowen boosted their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Seventeen analysts have rated the stock with a hold rating and one has issued 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 $180.17.

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.