Terrell Shane Hadlock Sells 241 Shares of Paycom Software (NYSE:PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 241 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the transaction, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $237.60, for a total transaction of $612,295.20.

Paycom Software Stock Performance

NYSE PAYC opened at $237.28 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.33 and a beta of 0.78. The firm’s 50 day simple moving average is $175.79 and its 200 day simple moving average is $145.23. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $243.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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 net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. During the same period in the previous year, the business earned $2.06 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on PAYC. Stifel Nicolaus lifted their target price on Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Mizuho lifted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Guggenheim lifted their price target on shares of Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, KeyCorp increased their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $214.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the period. Clearstead Advisors LLC increased its position in Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software during the second quarter valued at $29,000. Caitlin John LLC bought a new position in shares of Paycom Software during the second quarter valued at $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Paycom Software during the second quarter worth $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.