Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison Sells 1,950 Shares

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $164.29, for a total value of $320,365.50. Following the sale, the chief executive officer now directly owns 2,760,660 shares of the company’s stock, valued at $453,548,831.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Paycom Software Trading Up 0.5 %

NYSE:PAYC opened at $165.18 on Friday. The stock has a market cap of $9.49 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. The stock’s 50-day moving average is $164.96 and its 200-day moving average is $164.16. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $258.18.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.07. The company had revenue of $437.51 million for the quarter, compared to analysts’ expectations of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. As a group, equities analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is currently 18.07%.

Analysts Set New Price Targets

PAYC has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Paycom Software from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays boosted their price target on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. TD Cowen boosted their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $182.25.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC lifted its stake in shares of Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after acquiring an additional 685,190 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Paycom Software by 9.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock worth $152,925,000 after acquiring an additional 92,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Paycom Software by 14.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock worth $124,709,000 after acquiring an additional 79,299 shares during the period. Federated Hermes Inc. lifted its stake in shares of Paycom Software by 1,011.2% in the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after acquiring an additional 529,591 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Paycom Software by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker’s stock worth $65,122,000 after acquiring an additional 26,934 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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.