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 firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $162.17, for a total transaction of $316,231.50. Following the transaction, the chief executive officer now directly owns 2,780,160 shares of the company’s stock, valued at $450,858,547.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paycom Software Stock Performance

Paycom Software stock opened at $162.50 on Friday. The company’s fifty day moving average price is $163.44 and its 200 day moving average price is $166.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $278.23. The stock has a market capitalization of $9.44 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.31 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The firm had revenue of $437.51 million for the quarter, compared to analysts’ expectations of $436.19 million. Sell-side analysts predict that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.92%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Institutional Investors Weigh In On Paycom Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empirical Finance LLC boosted its stake in Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after purchasing an additional 60 shares during the last quarter. Optas LLC boosted its stake in Paycom Software by 6.1% during the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after purchasing an additional 61 shares during the last quarter. Wahed Invest LLC boosted its stake in Paycom Software by 7.9% during the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after purchasing an additional 64 shares during the last quarter. Davis Investment Partners LLC boosted its stake in Paycom Software by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after purchasing an additional 64 shares during the last quarter. Finally, Andina Capital Management LLC raised its holdings in shares of Paycom Software by 4.5% during the 2nd quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PAYC shares. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Citigroup reduced their price target on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Barclays lifted their target price on shares of Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday. Finally, TD Cowen lifted their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.