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 that occurred on Friday, July 26th. The shares were sold at an average price of $163.10, for a total transaction of $318,045.00. Following the transaction, the chief executive officer now owns 3,000,308 shares in the company, valued at approximately $489,350,234.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paycom Software Stock Up 0.1 %

PAYC stock traded up $0.20 during mid-day trading on Monday, reaching $164.23. The company had a trading volume of 560,131 shares, compared to its average volume of 846,404. The stock has a market capitalization of $9.54 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.72 and a beta of 1.16. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $374.04. The stock’s 50-day simple moving average is $151.58 and its two-hundred day simple moving average is $175.76.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. On average, research analysts forecast that Paycom Software, Inc. will post 6.36 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.91%. Paycom Software’s payout ratio is presently 18.27%.

Institutional Investors Weigh In On Paycom Software

Several institutional investors have recently made changes to their positions in PAYC. HBK Sorce Advisory LLC increased its position in shares of Paycom Software by 5.9% during the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC raised its position in shares of Paycom Software by 3.9% during the first 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 increased its holdings in Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after purchasing an additional 61 shares during the last quarter. Wahed Invest LLC increased its holdings in Paycom Software by 7.9% in the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after purchasing an additional 64 shares during the last quarter. Finally, Court Place Advisors LLC increased its holdings in Paycom Software by 3.3% in the fourth quarter. Court Place Advisors LLC now owns 2,065 shares of the software maker’s stock valued at $427,000 after purchasing an additional 65 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays cut their target price on shares of Paycom Software from $184.00 to $161.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Mizuho dropped their target price on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets dropped their target price on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Finally, StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $236.38.

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.