Paycom Software, Inc. (NYSE:PAYC) CEO Sells $274,540.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $140.79, for a total value of $274,540.50. Following the transaction, the chief executive officer now owns 3,027,608 shares in the company, valued at $426,256,930.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Paycom Software Stock Up 3.0 %

Shares of NYSE PAYC opened at $144.48 on Friday. The business’s 50 day moving average price is $155.51 and its two-hundred day moving average price is $179.75. The company has a market cap of $8.40 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $374.04.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, beating the consensus estimate of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The company had revenue of $499.88 million for the quarter, compared to the consensus estimate of $495.89 million. As a group, research analysts anticipate that Paycom Software, Inc. will post 6.37 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 24th. Paycom Software’s payout ratio is 18.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAYC. Barclays reduced their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Citigroup cut their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Mizuho cut their price target on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. JPMorgan Chase & Co. boosted their price target on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and a consensus target price of $237.81.

Hedge Funds Weigh In On Paycom Software

Several institutional investors and hedge funds have recently made changes to their positions in PAYC. Mather Group LLC. acquired a new position in shares of Paycom Software in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its stake in shares of Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after buying an additional 100 shares during the period. Palisade Asset Management LLC bought a new stake in shares of Paycom Software in the first quarter valued at approximately $32,000. CVA Family Office LLC boosted its stake in shares of Paycom Software by 234.3% in the second quarter. CVA Family Office LLC now owns 234 shares of the software maker’s stock valued at $33,000 after buying an additional 164 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in shares of Paycom Software in the fourth quarter valued at approximately $41,000. 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.