Robert J. Levenson Sells 18,750 Shares of Paycom (NYSE:PAYC) Stock

Paycom (NYSE:PAYC) Director Robert J. Levenson sold 18,750 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $107.11, for a total transaction of $2,008,312.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Robert J. Levenson also recently made the following trade(s):

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  • On Wednesday, February 28th, Robert J. Levenson sold 3,004 shares of Paycom stock. The stock was sold at an average price of $100.93, for a total transaction of $303,193.72.

PAYC traded up $0.89 during midday trading on Tuesday, reaching $104.77. The company had a trading volume of 601,493 shares, compared to its average volume of 761,341. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6,355.63, a price-to-earnings ratio of 119.06, a PEG ratio of 2.34 and a beta of 1.47. Paycom has a 12-month low of $57.09 and a 12-month high of $115.48.

Paycom (NYSE:PAYC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. The firm had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. Paycom had a net margin of 15.43% and a return on equity of 46.27%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. sell-side analysts anticipate that Paycom will post 1.86 earnings per share for the current year.

Paycom declared that its board has authorized a share buyback plan on Tuesday, February 13th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYC. Aperio Group LLC bought a new stake in shares of Paycom in the fourth quarter valued at approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Paycom by 49.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock valued at $220,000 after purchasing an additional 908 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of Paycom in the fourth quarter valued at approximately $237,000. Cetera Advisors LLC bought a new stake in shares of Paycom in the fourth quarter valued at approximately $241,000. Finally, Polen Capital Management LLC bought a new stake in shares of Paycom in the fourth quarter valued at approximately $276,000. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Paycom from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Northland Securities set a $101.00 price target on shares of Paycom and gave the stock a “buy” rating in a report on Thursday, January 11th. Mizuho cut their price target on shares of Paycom from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Robert W. Baird boosted their price target on shares of Paycom from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price target on shares of Paycom from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $93.82.

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About Paycom

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

Insider Buying and Selling by Quarter for Paycom (NYSE:PAYC)

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