Paycom Software, Inc. (NYSE:PAYC) CEO Sells $352,599.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $180.82, for a total value of $352,599.00. Following the completion of the sale, the chief executive officer now owns 3,091,958 shares of the company’s stock, valued at approximately $559,087,845.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Paycom Software Trading Up 0.5 %

Shares of NYSE:PAYC opened at $180.65 on Thursday. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.82 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04. The company has a 50-day moving average price of $188.06 and a 200 day moving average price of $188.99.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $2.29. The business had revenue of $499.88 million during the quarter, compared to analyst estimates of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. As a group, equities analysts forecast that Paycom Software, Inc. will post 6.16 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, May 24th. Paycom Software’s payout ratio is 18.27%.

Analysts Set New Price Targets

Several research firms recently issued reports on PAYC. Citigroup reduced their target price on shares of Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets decreased their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Mizuho dropped their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $246.31.

Institutional Investors Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in Paycom Software in the first quarter worth $26,000. Hexagon Capital Partners LLC grew its stake in Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Paycom Software by 83.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after acquiring an additional 71 shares during the period. Palisade Asset Management LLC bought a new stake in shares of Paycom Software during the first quarter valued at approximately $32,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Paycom Software during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.