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 dated 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 sale, the chief executive officer now owns 2,745,060 shares in the company, valued at approximately $581,293,905.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Paycom Software Price Performance

Shares of PAYC opened at $231.09 on Thursday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.92 and a beta of 1.14. The business’s 50-day moving average is $170.97 and its 200-day moving average is $163.91. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $233.69.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.65%. Paycom Software’s payout ratio is 18.05%.

Analysts Set New Price Targets

PAYC has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Piper Sandler increased their price target on Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Mizuho boosted their price objective on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $193.67.

Institutional Investors Weigh In On Paycom Software

Institutional investors have recently modified their holdings of the stock. Sather Financial Group Inc boosted its position in Paycom Software by 50.8% during the third quarter. Sather Financial Group Inc now owns 247,987 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 83,561 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Paycom Software by 23.8% during the 3rd quarter. Natixis Advisors LLC now owns 70,940 shares of the software maker’s stock valued at $11,816,000 after buying an additional 13,640 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Paycom Software by 1,685.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 66,293 shares of the software maker’s stock valued at $11,042,000 after buying an additional 62,581 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Paycom Software by 20.6% in the 3rd quarter. Empowered Funds LLC now owns 2,522 shares of the software maker’s stock valued at $420,000 after buying an additional 430 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Paycom Software by 9.2% in the third quarter. CIBC Asset Management Inc now owns 7,378 shares of the software maker’s stock worth $1,229,000 after buying an additional 621 shares during the last quarter. Institutional investors and hedge funds 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.