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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $170.27, for a total transaction of $332,026.50. Following the completion of the transaction, the chief executive officer now directly owns 2,932,058 shares of the company’s stock, valued at approximately $499,241,515.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paycom Software Trading Down 0.0 %

NYSE:PAYC opened at $169.04 on Wednesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $279.96. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.37 and a beta of 1.17. The firm has a fifty day simple moving average of $160.48 and a two-hundred day simple moving average of $168.28.

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

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s payout ratio is 18.27%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAYC. Citigroup lowered their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Jefferies Financial Group lowered their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, TD Cowen increased their target price on Paycom Software from $147.00 to $171.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $178.33.

Hedge Funds Weigh In On Paycom Software

Large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Paycom Software during the 2nd quarter valued at $25,000. Mather Group LLC. acquired a new position in shares of Paycom Software during the first quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software during the second quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software in the 2nd quarter worth about $27,000. Finally, Palisade Asset Management LLC bought a new position in Paycom Software in the 1st quarter valued at about $32,000. 87.77% of the stock is currently owned by institutional investors.

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.