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 that occurred on Monday, November 4th. The shares were sold at an average price of $211.76, for a total transaction of $412,932.00. Following the completion of the transaction, the chief executive officer now directly owns 2,745,060 shares in the company, valued at $581,293,905.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Paycom Software Stock Performance

PAYC traded up $7.02 during trading on Tuesday, reaching $218.48. The stock had a trading volume of 1,044,537 shares, compared to its average volume of 819,690. The business has a 50-day moving average of $168.50 and a 200-day moving average of $163.19. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $222.30. The stock has a market cap of $12.55 billion, a PE ratio of 26.30, a PEG ratio of 2.91 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be given a $0.375 dividend. 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 payout ratio is 18.05%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PAYC shares. Citigroup upped their price target on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Barclays lifted their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $193.67.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. grew its stake in shares of Paycom Software by 7.3% in the third quarter. Baillie Gifford & Co. now owns 79,426 shares of the software maker’s stock worth $13,230,000 after purchasing an additional 5,384 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Paycom Software in the 3rd quarter worth about $1,186,000. Versor Investments LP boosted its position in shares of Paycom Software by 21.2% in the 3rd quarter. Versor Investments LP now owns 5,211 shares of the software maker’s stock worth $868,000 after purchasing an additional 911 shares in the last quarter. Intrinsic Value Partners LLC bought a new stake in Paycom Software in the third quarter worth $1,791,000. Finally, Montanaro Asset Management Ltd increased its stake in Paycom Software by 18.2% during the 3rd quarter. Montanaro Asset Management Ltd now owns 14,925 shares of the software maker’s stock valued at $2,486,000 after purchasing an additional 2,300 shares in the last quarter. 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.