Paycom Software (NYSE:PAYC) Reaches New 12-Month Low After Insider Selling

Paycom Software, Inc. (NYSE:PAYC) shares hit a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $139.50 and last traded at $140.11, with a volume of 173655 shares traded. The stock had previously closed at $140.35.

Specifically, insider Jason D. Clark sold 906 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $143.61, for a total value of $130,110.66. Following the sale, the insider now directly owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Paycom Software news, EVP Amy Vickroy sold 1,381 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $143.39, for a total value of $198,021.59. Following the sale, the executive vice president now directly owns 19,962 shares of the company’s stock, valued at $2,862,351.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jason D. Clark sold 906 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the transaction, the insider now directly owns 43,367 shares in the company, valued at $6,227,934.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,387 shares of company stock valued at $5,653,933. Corporate insiders own 12.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PAYC. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. Barclays decreased their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group decreased their target price on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. BMO Capital Markets decreased their target price on 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. Finally, JPMorgan Chase & Co. raised their target price on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price of $237.81.

Paycom Software Trading Up 0.1 %

The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. The stock has a 50-day simple moving average of $155.96 and a 200 day simple moving average of $180.00.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Institutional Investors Weigh In On Paycom Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. Diversified Trust Co raised its stake in shares of Paycom Software by 18.7% in the 3rd quarter. Diversified Trust Co now owns 2,274 shares of the software maker’s stock valued at $590,000 after acquiring an additional 359 shares in the last quarter. Graham Capital Management L.P. raised its stake in shares of Paycom Software by 191.0% in the 3rd quarter. Graham Capital Management L.P. now owns 3,262 shares of the software maker’s stock valued at $846,000 after acquiring an additional 2,141 shares in the last quarter. Banque Pictet & Cie SA raised its stake in shares of Paycom Software by 33.8% in the 3rd quarter. Banque Pictet & Cie SA now owns 4,316 shares of the software maker’s stock valued at $1,119,000 after acquiring an additional 1,090 shares in the last quarter. American Century Companies Inc. grew its holdings in Paycom Software by 18.8% in 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 buying an additional 180,202 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in Paycom Software in the 3rd quarter valued at approximately $366,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.