Paycom Software (NYSE:PAYC) Insider Terrell Shane Hadlock Sells 2,577 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total transaction of $612,295.20. Following the completion of the sale, the insider directly owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Terrell Shane Hadlock also recently made the following trade(s):

• On Friday, August 28th, Terrell Shane Hadlock sold 241 shares of Paycom Software stock. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87.

Paycom Software Stock Up 0.2%

Shares of PAYC opened at $239.06 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $242.50. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.32 and a beta of 0.75. The business’s fifty day moving average price is $173.53 and its two-hundred day moving average price is $144.39.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. On average, analysts predict that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, August 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. Paycom Software’s payout ratio is currently 15.94%.

Analyst Ratings Changes

A number of brokerages have issued reports on PAYC. Mizuho raised their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. BTIG Research upped their target price on shares of Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. TD Cowen increased their price target on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Cantor Fitzgerald raised their price target on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $208.08.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Fluent Financial LLC acquired a new stake in shares of Paycom Software during the second quarter worth about $2,439,000. Principal Financial Group Inc. increased its position in shares of Paycom Software by 290.5% during the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after acquiring an additional 181,346 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Paycom Software by 1,151.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock worth $27,227,000 after purchasing an additional 157,201 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Paycom Software by 467.2% in the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock valued at $2,819,000 after purchasing an additional 19,110 shares during the period. Finally, Reinhart Partners LLC. raised its stake in shares of Paycom Software by 20.1% in the 2nd quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after purchasing an additional 204,191 shares during the period. 87.77% of the stock is owned by institutional investors.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.