Chad R. Richison Sells 1,950 Shares of Paycom Software, Inc. (NYSE:PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $169.17, for a total transaction of $329,881.50. Following the completion of the transaction, the chief executive officer now directly owns 2,764,560 shares in the company, valued at $467,680,615.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Paycom Software Stock Performance

Paycom Software stock opened at $164.39 on Thursday. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $264.70. The stock has a market cap of $9.44 billion, a P/E ratio of 19.81, a PEG ratio of 2.35 and a beta of 1.17. The firm’s fifty day moving average price is $164.85 and its 200-day moving average price is $164.16.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Sell-side analysts predict that Paycom Software, Inc. will post 6.67 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.91%. Paycom Software’s payout ratio is presently 18.07%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Barclays upped their price target on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. TD Cowen lifted their price objective on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Paycom Software from $155.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.25.

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empirical Finance LLC lifted its holdings in shares of Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares during the last quarter. Optas LLC lifted its stake in Paycom Software by 6.1% during the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after purchasing an additional 61 shares during the last quarter. Davis Investment Partners LLC boosted its holdings in shares of Paycom Software by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after purchasing an additional 64 shares in the last quarter. Andina Capital Management LLC increased its position in shares of Paycom Software by 4.5% during the 2nd quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock valued at $227,000 after purchasing an additional 68 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Paycom Software by 26.7% during the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.