Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck Sells 3,600 Shares

Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $219.49 on Thursday. The business’s fifty day moving average price is $207.39 and its two-hundred day moving average price is $194.92. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning boosted its stake in Paycom Software by 27.5% in the third quarter. Creative Planning now owns 7,586 shares of the software maker’s stock worth $1,264,000 after purchasing an additional 1,635 shares in the last quarter. Blue Trust Inc. lifted its position in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after buying an additional 194 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Paycom Software by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,944 shares of the software maker’s stock worth $5,654,000 after buying an additional 2,937 shares in the last quarter. Private Advisor Group LLC grew its holdings in Paycom Software by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,398 shares of the software maker’s stock worth $400,000 after acquiring an additional 300 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after acquiring an additional 278,529 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PAYC. BMO Capital Markets increased their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $209.22.

About Paycom Software

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.