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 Wednesday, October 23rd. The shares were sold at an average price of $164.29, for a total value of $320,365.50. Following the completion of the sale, the chief executive officer now owns 2,760,660 shares in the company, valued at $453,548,831.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Paycom Software Stock Performance

NYSE PAYC opened at $164.63 on Friday. The stock has a market cap of $9.45 billion, a PE ratio of 19.83, a P/E/G ratio of 2.35 and a beta of 1.17. The firm has a 50-day moving average of $165.06 and a 200-day moving average of $163.60. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $253.33.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $436.19 million. As a group, analysts predict that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.91%. Paycom Software’s dividend payout ratio (DPR) is presently 18.07%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Paycom Software in the first quarter valued at about $26,000. Palisade Asset Management LLC acquired a new stake in Paycom Software in the 1st quarter worth about $32,000. Armstrong Advisory Group Inc. bought a new stake in Paycom Software in the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Paycom Software during the 2nd quarter worth approximately $25,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of Paycom Software during the second quarter worth approximately $26,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on shares of Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, Barclays boosted their price target on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $182.25.

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.