Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, August 9th. The stock was sold at an average price of $158.27, for a total transaction of $308,626.50. Following the completion of the transaction, the chief executive officer now owns 2,980,808 shares in the company, valued at approximately $471,772,482.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Paycom Software Trading Down 0.9 %
NYSE:PAYC opened at $155.17 on Thursday. The company has a 50-day moving average price of $150.95 and a 200-day moving average price of $172.94. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.19 and a beta of 1.16. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $299.00.
Paycom Software Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.97%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.
Wall Street Analysts Forecast Growth
View Our Latest Report on PAYC
Institutional Trading of Paycom Software
Several large investors have recently bought and sold shares of PAYC. Mather Group LLC. purchased a new position in shares of Paycom Software in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC raised its holdings in Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Palisade Asset Management LLC bought a new position in Paycom Software in the first quarter worth $32,000. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software during the second quarter valued at $25,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software during the 2nd quarter valued at $26,000. 87.77% of the stock is owned by institutional investors.
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.
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