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 the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $170.41, for a total value of $332,299.50. Following the transaction, the chief executive officer now directly owns 2,801,160 shares in the company, valued at $477,345,675.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $167.70 on Friday. The stock has a fifty day moving average price of $163.07 and a 200-day moving average price of $168.07. The firm has a market cap of $9.75 billion, a PE ratio of 20.43, a P/E/G ratio of 2.44 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $279.96.

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

Paycom Software Announces Dividend

The company also recently disclosed 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 was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.89%. Paycom Software’s payout ratio is 18.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PAYC shares. Barclays upped their target price on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. TD Cowen boosted their target price 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. Jefferies Financial Group dropped their price target 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, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $179.75.

Institutional Trading of Paycom Software

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

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.