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 the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $169.17, for a total value of $329,881.50. Following the completion of the sale, the chief executive officer now owns 2,764,560 shares in the company, valued at $467,680,615.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Trading Down 1.2 %

Paycom Software stock opened at $164.39 on Thursday. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. The firm’s fifty day moving average price is $164.85 and its two-hundred day moving average price is $164.16. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $264.70.

Paycom Software (NYSE:PAYC) last posted its earnings results 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. The company had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. On average, research analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. Paycom Software’s payout ratio is 18.07%.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software in the 2nd quarter worth $25,000. Mather Group LLC. purchased a new position in Paycom Software during the first quarter worth about $26,000. MFA Wealth Advisors LLC bought a new stake in Paycom Software in the 2nd quarter worth about $26,000. Armstrong Advisory Group Inc. purchased a new stake in Paycom Software in the 3rd quarter valued at about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paycom Software during the 2nd quarter worth approximately $27,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAYC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. TD Cowen upped their price target on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Barclays upped their target price on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Tuesday. Seventeen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $182.25.

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.