Insider Selling: Paycom Software (NYSE:PAYC) Insider Sells 2,577 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC) insider Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the transaction, the insider owned 70,152 shares of the company’s stock, valued at $16,668,115.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 28th, Shane Hadlock sold 241 shares of Paycom Software stock. The stock was sold at an average price of $240.07, for a total value of $57,856.87.

Paycom Software Stock Up 3.0%

NYSE:PAYC traded up $7.17 during midday trading on Thursday, reaching $243.42. The company had a trading volume of 28,490 shares, compared to its average volume of 1,278,218. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $244.98. 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 stock’s fifty day simple moving average is $177.95 and its 200-day simple moving average is $146.04. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.32 and a beta of 0.78.

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

Paycom Software Announces Dividend

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

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cygnus Capital Advisors LLC purchased a new stake in shares of Paycom Software during the second quarter valued at approximately $1,647,000. Corient Private Wealth LP boosted its holdings in Paycom Software by 372.7% in the 2nd quarter. Corient Private Wealth LP now owns 86,007 shares of the software maker’s stock worth $10,809,000 after buying an additional 67,811 shares during the period. HighTower Advisors LLC increased its position in shares of Paycom Software by 16.4% during the second quarter. HighTower Advisors LLC now owns 5,960 shares of the software maker’s stock worth $749,000 after acquiring an additional 839 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Paycom Software during the second quarter worth $4,411,000. Finally, California State Teachers Retirement System grew its position in shares of Paycom Software by 9,363.4% during the second quarter. California State Teachers Retirement System now owns 5,681,993 shares of the software maker’s stock worth $714,113,000 after acquiring an additional 5,621,951 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PAYC shares. BTIG Research lifted their target price on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen raised their price objective on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup lifted their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Guggenheim increased their price target on shares of Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays raised their target price on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $214.23.

Paycom Software Company Profile

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.