Paycom Software, Inc. (NYSE:PAYC) CEO Sells $445,341.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, November 11th. The stock was sold at an average price of $228.38, for a total value of $445,341.00. Following the sale, the chief executive officer now directly owns 2,735,310 shares of the company’s stock, valued at approximately $624,690,097.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Paycom Software Stock Performance

Paycom Software stock traded up $1.19 during mid-day trading on Tuesday, reaching $228.89. 621,562 shares of the company were exchanged, compared to its average volume of 817,055. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $233.69. The firm’s 50-day simple moving average is $174.86 and its two-hundred day simple moving average is $164.60. The firm has a market cap of $13.20 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.06 and a beta of 1.14.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

Hedge Funds Weigh In On Paycom Software

Several institutional investors have recently made changes to their positions in PAYC. Forsta AP Fonden bought a new stake in Paycom Software during the first quarter valued at about $2,408,000. Sei Investments Co. increased its holdings in shares of Paycom Software by 68.4% during the first quarter. Sei Investments Co. now owns 165,340 shares of the software maker’s stock worth $32,904,000 after buying an additional 67,163 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Paycom Software by 107.8% in the first quarter. Headlands Technologies LLC now owns 663 shares of the software maker’s stock valued at $132,000 after purchasing an additional 344 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Paycom Software by 13.3% during the 1st quarter. QRG Capital Management Inc. now owns 2,225 shares of the software maker’s stock worth $443,000 after acquiring an additional 261 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Paycom Software by 66.1% during the 1st quarter. Russell Investments Group Ltd. now owns 53,051 shares of the software maker’s stock worth $10,552,000 after acquiring an additional 21,108 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAYC has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Mizuho increased their price objective on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Finally, BMO Capital Markets boosted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $193.67.

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.