Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $142.01, for a total value of $276,919.50. Following the transaction, the chief executive officer now owns 3,037,358 shares in the company, valued at approximately $431,335,209.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Paycom Software Stock Up 0.5 %
Shares of PAYC opened at $142.95 on Thursday. The stock has a market cap of $8.31 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.16 and a beta of 1.16. Paycom Software, Inc. has a 52 week low of $139.69 and a 52 week high of $374.04. The business’s 50 day moving average price is $160.70 and its 200-day moving average price is $182.25.
Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $2.29. The business had revenue of $499.88 million for the quarter, compared to analysts’ expectations of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, equities analysts anticipate that Paycom Software, Inc. will post 6.37 EPS for the current year.
Paycom Software Dividend Announcement
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. BMO Capital Markets cut their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Mizuho cut their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Jefferies Financial Group cut their price objective on 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, William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a research report 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. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average target price of $237.81.
Read Our Latest Stock Analysis on PAYC
Hedge Funds Weigh In On Paycom Software
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in Paycom Software in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its position in Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Palisade Asset Management LLC bought a new position in Paycom Software in the 1st quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new stake in Paycom Software during the 4th quarter valued at $41,000. Finally, SYSTM Wealth Solutions LLC raised its stake in Paycom Software by 75.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 225 shares of the software maker’s stock valued at $45,000 after buying an additional 97 shares during the last quarter. 87.77% of the stock is owned by 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.
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