Paycom Software, Inc. (NYSE:PAYC) CEO Sells $283,686.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, June 24th. The shares were sold at an average price of $145.48, for a total transaction of $283,686.00. Following the completion of the sale, the chief executive officer now owns 3,045,158 shares in the company, valued at $443,009,585.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Paycom Software Price Performance

PAYC opened at $141.74 on Friday. The business has a fifty day simple moving average of $164.20 and a 200 day simple moving average of $183.85. Paycom Software, Inc. has a 1 year low of $139.69 and a 1 year high of $374.04. The company has a market capitalization of $8.24 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The company had revenue of $499.88 million during the quarter, compared to analysts’ expectations of $495.89 million. Equities analysts anticipate that Paycom Software, Inc. will post 6.37 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.06%. Paycom Software’s dividend payout ratio is presently 18.27%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of recent research reports. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price objective on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Citigroup lowered 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. Finally, BMO Capital Markets cut their price target on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $237.81.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Oak Family Advisors LLC bought a new stake in shares of Paycom Software during the 4th quarter valued at $2,994,000. ARK & TLK Investments LLC bought a new stake in Paycom Software during the fourth quarter worth about $2,260,000. Janney Montgomery Scott LLC grew its stake in Paycom Software by 26.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock worth $10,401,000 after buying an additional 10,555 shares in the last quarter. Norges Bank acquired a new stake in Paycom Software during the fourth quarter worth about $6,670,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Paycom Software by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,544 shares of the software maker’s stock valued at $62,542,000 after buying an additional 12,708 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.