Paycom Software (NYSE:PAYC) Insider Sells $57,856.87 in Stock

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 241 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Terrell Shane Hadlock also recently made the following trade(s):

• On Thursday, August 27th, Terrell Shane Hadlock sold 2,577 shares of Paycom Software stock. The shares were sold at an average price of $237.60, for a total value of $612,295.20.

Paycom Software Trading Down 1.0%

Shares of PAYC stock traded down $2.47 on Wednesday, hitting $235.49. The company had a trading volume of 606,210 shares, compared to its average volume of 1,285,655. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $243.28. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day moving average is $175.79 and its two-hundred day moving average is $145.23. The firm has a market cap of $10.61 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.33 and a beta of 0.78.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the prior year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.375 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software’s dividend payout ratio is presently 15.94%.

Institutional Investors Weigh In On Paycom Software

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its stake in shares of Paycom Software by 4.0% in the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after acquiring an additional 63 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Paycom Software by 0.8% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after acquiring an additional 86 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Paycom Software by 1.4% in the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock valued at $1,081,000 after acquiring an additional 87 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Paycom Software by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock valued at $652,000 after acquiring an additional 88 shares during the last quarter. Finally, Evoke Wealth LLC lifted its stake in shares of Paycom Software by 2.8% in the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock valued at $531,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAYC shares. TD Cowen increased their price target on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research increased their price target on Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Mizuho raised their target price on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $214.23.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.