Insider Selling: CEO of Paycom Software, Inc. (NYSE:PAYC) is selling 1,950 shares

Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock sold at an average price of $162.17, for a total transaction of $316,231.50. Following the transaction, the CEO now directly owns 2,780,160 shares of the company’s stock, valued at $450,858,547.20. This represents a 0.00% decrease in their ownership of the shares. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paycom Software Stock Performance

Shares of Paycom Software opened at $162.50 on Friday. The company’s fifty-day moving average price is $163.44 and its 200-day moving average price is $166.17. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $278.23. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 19.79, a price-to-earnings ratio of 2.31 and a beta of 1.17.

Paycom Software (NYSE:PAYC – Get Free Report) last reported its quarterly results on Wednesday, July 31. The software maker reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The company had revenue of $437.51 million for the quarter, compared to analyst expectations of $436.19 million. Sell-side analysts predict that Paycom Software, Inc. will post earnings per share of 6.67 for the current year.

Dividend announcement from Paycom Software

The company also recently announced a quarterly dividend, which was paid on Monday, September 9. A dividend of $0.375 per share was paid to known shareholders on Monday, August 26. The ex-dividend date was Monday, August 26. This represents a dividend of $1.50 annually and a yield of 0.92%. Paycom Software’s dividend payout ratio (DPR) currently stands at 18.27%.

Institutional investors weigh in on Paycom software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empirical Finance LLC increased its stake in Paycom Software by 3.9% during the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after purchasing an additional 60 shares in the last quarter. Optas LLC increased its stake in Paycom Software by 6.1% in the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock worth $211,000 after purchasing an additional 61 shares in the last quarter. Wahed Invest LLC increased its holdings in 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 purchasing an additional 64 shares in the last quarter. Davis Investment Partners LLC increased its holdings in Paycom Software by 1.0% during the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after purchasing an additional 64 shares in the last quarter. Finally, Andina Capital Management LLC increased its holdings in shares of Paycom Software by 4.5% during the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s shares.

Wall Street analysts weigh in

A number of stock analysts have issued reports on PAYC stock. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1. Citigroup lowered their price target on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Barclays raised its price target on shares of Paycom Software from $167.00 to $172.00 and gave the company an “equalweight” rating in a report on Friday. Finally, TD Cowen raised their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $180.17.

Check out our latest stock report on Paycom Software

About Paycom software

(Get a free report)

Paycom Software, Inc offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized businesses in the United States. It provides functionality and data analytics that companies need to manage the employment lifecycle, from hiring to retirement.

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