Paycom Software, Inc. (NYSE:PAYC) CEO Sells $300,027.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $153.86, for a total transaction of $300,027.00. Following the completion of the transaction, the chief executive officer now owns 3,017,858 shares of the company’s stock, valued at $464,327,631.88. The sale was disclosed in a document filed with the SEC, which is available through this link.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $4.95 during trading on Tuesday, hitting $161.06. The stock had a trading volume of 987,259 shares, compared to its average volume of 855,848. The firm’s fifty day simple moving average is $154.38 and its 200-day simple moving average is $178.30. The stock has a market cap of $9.36 billion, a PE ratio of 19.62, a PEG ratio of 2.25 and a beta of 1.16. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $374.04.

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

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.93%. Paycom Software’s payout ratio is 18.27%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. William Blair reiterated a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Mizuho cut 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. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday. TD Cowen dropped their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average target price of $236.38.

Institutional Investors Weigh In On Paycom Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oak Family Advisors LLC bought a new stake in Paycom Software during the 4th quarter valued at about $2,994,000. ARK & TLK Investments LLC bought a new stake in Paycom Software during the 4th quarter valued at about $2,260,000. Janney Montgomery Scott LLC lifted its holdings in Paycom Software by 26.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock valued at $10,401,000 after buying an additional 10,555 shares in the last quarter. Norges Bank bought a new stake in Paycom Software during the 4th quarter valued at about $6,670,000. Finally, Charles Schwab Investment Management Inc. increased its position in Paycom Software by 4.4% during 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 purchasing an additional 12,708 shares during the period. 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.