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 Paycom Software stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at $624,690,097.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paycom Software Trading Up 0.5 %

NYSE:PAYC traded up $1.19 on Tuesday, hitting $228.89. The company had a trading volume of 621,562 shares, compared to its average volume of 817,055. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.06 and a beta of 1.14. The firm has a 50 day moving average of $174.86 and a two-hundred day moving average of $164.60. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $233.69.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a 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%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup boosted their price target on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. BMO Capital Markets boosted their price target on 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 lifted their target price on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Mizuho raised their price target on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average target price of $193.67.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forsta AP Fonden acquired a new position in Paycom Software in the 1st quarter valued at $2,408,000. Sei Investments Co. increased its position in shares of Paycom Software by 68.4% during the 1st quarter. Sei Investments Co. now owns 165,340 shares of the software maker’s stock worth $32,904,000 after purchasing an additional 67,163 shares during the last quarter. Headlands Technologies LLC grew its position in Paycom Software by 107.8% in the 1st quarter. Headlands Technologies LLC now owns 663 shares of the software maker’s stock valued at $132,000 after acquiring an additional 344 shares in the last quarter. QRG Capital Management Inc. grew its position in Paycom Software by 13.3% in the 1st quarter. QRG Capital Management Inc. now owns 2,225 shares of the software maker’s stock valued at $443,000 after acquiring an additional 261 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Paycom Software by 66.1% in the 1st quarter. Russell Investments Group Ltd. now owns 53,051 shares of the software maker’s stock valued at $10,552,000 after acquiring an additional 21,108 shares in the last quarter. 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.