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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $211.76, for a total transaction of $412,932.00. Following the transaction, the chief executive officer now directly owns 2,745,060 shares in the company, valued at approximately $581,293,905.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paycom Software Stock Performance

Shares of PAYC stock opened at $218.48 on Wednesday. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.91 and a beta of 1.14. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $222.30. The company has a 50-day simple moving average of $169.61 and a two-hundred day simple moving average of $163.43.

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 issued a dividend of $0.375 per share. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Paycom Software’s dividend payout ratio (DPR) is currently 18.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAYC. Van ECK Associates Corp raised its stake in shares of Paycom Software by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 9,035 shares of the software maker’s stock worth $1,798,000 after purchasing an additional 581 shares during the period. Norden Group LLC increased its holdings in Paycom Software by 13.6% during the first quarter. Norden Group LLC now owns 3,220 shares of the software maker’s stock worth $641,000 after buying an additional 385 shares during the last quarter. Private Advisor Group LLC raised its position in Paycom Software by 10.9% in the first quarter. Private Advisor Group LLC now owns 2,796 shares of the software maker’s stock worth $556,000 after acquiring an additional 274 shares during the period. Diversify Advisory Services LLC purchased a new position in Paycom Software in the first quarter valued at about $256,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Paycom Software by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock valued at $11,790,000 after acquiring an additional 8,927 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Barclays increased their price target on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Mizuho boosted their price objective on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Monday. Jefferies Financial Group increased their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Citigroup boosted their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $193.67.

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.