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 Paycom Software stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $163.51, for a total transaction of $318,844.50. Following the sale, the chief executive officer now owns 2,770,410 shares of the company’s stock, valued at $452,989,739.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paycom Software Stock Performance

Shares of PAYC stock opened at $165.89 on Friday. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.33 and a beta of 1.17. The stock’s 50-day simple moving average is $164.19 and its 200-day simple moving average is $164.83. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $272.33.

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

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. Paycom Software’s dividend payout ratio (DPR) is 18.07%.

Institutional Trading of Paycom Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Paycom Software by 9.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 33,944 shares of the software maker’s stock worth $5,654,000 after purchasing an additional 2,937 shares during the period. Raymond James & Associates raised its position in Paycom Software by 20.8% during the 3rd quarter. Raymond James & Associates now owns 243,289 shares of the software maker’s stock worth $40,525,000 after buying an additional 41,923 shares during the last quarter. Blue Trust Inc. lifted its stake in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after acquiring an additional 194 shares during the period. Accurate Wealth Management LLC boosted its holdings in shares of Paycom Software by 37.1% in the 3rd quarter. Accurate Wealth Management LLC now owns 3,463 shares of the software maker’s stock valued at $571,000 after acquiring an additional 938 shares during the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Paycom Software in the third quarter worth $1,920,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays boosted their price target on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Jefferies Financial Group cut their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, TD Cowen upped their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. 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.com, Paycom Software has an average rating of “Hold” and a consensus target price of $180.17.

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.