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 dated Monday, October 14th. The stock was sold at an average price of $163.77, for a total transaction of $319,351.50. Following the sale, the chief executive officer now directly owns 2,774,310 shares in the company, valued at $454,348,748.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paycom Software Stock Up 0.2 %

Shares of NYSE:PAYC opened at $164.93 on Wednesday. The company’s 50 day moving average price is $163.70 and its two-hundred day moving average price is $165.29. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $275.67. The firm has a market cap of $9.58 billion, a PE ratio of 20.09, a PEG ratio of 2.31 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $436.19 million. On average, research analysts expect that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.91%. Paycom Software’s payout ratio is presently 18.27%.

Analysts Set New Price Targets

PAYC has been the topic of a number of research analyst reports. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Citigroup dropped 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. TD Cowen upped 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. Finally, Barclays upped 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, October 11th. Seventeen equities research analysts have rated the stock with a hold rating and one has assigned 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAYC. Mather Group LLC. acquired a new stake in shares of Paycom Software during the 1st quarter worth approximately $26,000. Palisade Asset Management LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth approximately $32,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Paycom Software during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth approximately $25,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.