Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO Sells $273,897.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.46, for a total value of $273,897.00. Following the transaction, the chief executive officer now directly owns 3,041,258 shares in the company, valued at $427,175,098.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $143.04 on Friday. The company has a market cap of $8.31 billion, a P/E ratio of 17.42, a PEG ratio of 2.15 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.69 and a 1 year high of $374.04. The stock’s fifty day moving average price is $163.40 and its 200-day moving average price is $183.49.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. The firm had revenue of $499.88 million for the quarter, compared to the consensus estimate of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 6.37 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s dividend payout ratio is 18.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PAYC. Sylebra Capital LLC bought a new position in Paycom Software in the first quarter valued at about $253,196,000. International Assets Investment Management LLC lifted its holdings in Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after acquiring an additional 782,962 shares during the period. ValueAct Holdings L.P. bought a new position in Paycom Software in the fourth quarter valued at about $125,686,000. Boston Trust Walden Corp bought a new position in Paycom Software in the fourth quarter valued at about $48,865,000. Finally, American Century Companies Inc. lifted its holdings in Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock valued at $295,441,000 after acquiring an additional 180,202 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several recent research reports. Citigroup reduced their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2nd. William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Mizuho cut their target price on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Finally, Barclays cut their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average price target of $237.81.

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.