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 Paycom Software stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $166.60, for a total value of $324,870.00. Following the sale, the chief executive officer now owns 2,795,310 shares in the company, valued at approximately $465,698,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paycom Software Stock Performance

Shares of PAYC opened at $166.34 on Wednesday. The stock has a fifty day moving average of $163.39 and a two-hundred day moving average of $167.51. The company has a market capitalization of $9.67 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $279.96.

Paycom Software (NYSE:PAYC) last issued its quarterly 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. The company had revenue of $437.51 million during the quarter, compared to the consensus estimate 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 research analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.90%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Analysts Set New Price Targets

A number of analysts have recently commented on PAYC shares. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. TD Cowen raised their price target on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Citigroup lowered 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. Barclays raised their price target on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Seventeen equities research 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 stock currently has an average rating of “Hold” and an average price target of $179.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAYC. Empirical Finance LLC increased its holdings 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 buying an additional 60 shares during the last quarter. Optas LLC increased its holdings in shares of Paycom Software by 6.1% during the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after buying an additional 61 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of Paycom Software by 7.9% during the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock worth $181,000 after buying an additional 64 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of Paycom Software by 4.5% during the 2nd quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after buying an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Paycom Software by 1.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after buying an additional 79 shares during the last quarter. 87.77% of the stock is currently 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.