Paycom Software, Inc. (NYSE:PAYC) CEO Sells $277,738.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $142.43, for a total transaction of $277,738.50. Following the completion of the sale, the chief executive officer now owns 3,035,408 shares in the company, valued at $432,333,161.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Paycom Software Stock Down 0.1 %

Paycom Software stock traded down $0.13 during mid-day trading on Tuesday, reaching $142.17. The company had a trading volume of 519,756 shares, compared to its average volume of 862,863. Paycom Software, Inc. has a 52 week low of $139.69 and a 52 week high of $374.04. The company has a 50 day moving average of $162.51 and a 200-day moving average of $182.95. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 2.17 and a beta of 1.16.

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

Paycom Software Dividend Announcement

The firm also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, May 24th. Paycom Software’s payout ratio is 18.27%.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Vanguard Group Inc. lifted its holdings in Paycom Software by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock valued at $1,227,278,000 after purchasing an additional 137,583 shares during the last quarter. Sylebra Capital LLC bought a new position in Paycom Software during the 1st quarter valued at about $253,196,000. American Century Companies Inc. lifted its holdings in Paycom Software by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock valued at $295,441,000 after purchasing an additional 180,202 shares during the last quarter. Brown Capital Management LLC lifted its holdings in Paycom Software by 10.1% during the 4th quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock valued at $228,642,000 after purchasing an additional 101,744 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Paycom Software by 7.9% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock valued at $182,426,000 after purchasing an additional 71,272 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PAYC. TD Cowen dropped their target price on shares of Paycom Software from $170.00 to $147.00 and set a “hold” rating on the stock in a report on Thursday, June 20th. Mizuho lowered their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Citigroup lowered their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Barclays lowered their price objective on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $237.81.

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.