Paycom Software, Inc. (NYSE:PAYC – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Stock Analysis on PAYC
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.
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