Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO 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 Friday, October 18th. The shares were sold at an average price of $165.27, for a total value of $322,276.50. Following the completion of the sale, the chief executive officer now directly owns 2,766,510 shares in the company, valued at $457,221,107.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paycom Software Price Performance

Shares of PAYC stock traded up $1.93 during midday trading on Monday, hitting $167.82. The company had a trading volume of 810,861 shares, compared to its average volume of 816,602. The company’s 50 day simple moving average is $164.19 and its 200 day simple moving average is $164.59. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $264.70. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.33 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share 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 for the quarter, compared to the consensus estimate of $436.19 million. Analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared 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 of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.89%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAYC. Empirical Finance LLC boosted its position in shares of Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after purchasing an additional 60 shares in the last quarter. Optas LLC lifted its stake in shares of Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after purchasing an additional 61 shares during the period. Davis Investment Partners LLC lifted its stake in shares of Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after purchasing an additional 64 shares during the period. Andina Capital Management LLC lifted its stake in shares of Paycom Software by 4.5% in the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock valued at $227,000 after purchasing an additional 68 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAYC shares. TD Cowen increased their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group dropped their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Barclays increased their price objective on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Finally, StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Seventeen 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 has a consensus rating of “Hold” and an average price target of $180.17.

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.