Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, July 03. The shares were sold at an average price of $143.30, for a total value of $279,435.00. Following the sale, the CEO now owns 3,031,508 shares of the company’s stock, valued at approximately $434,415,096.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink.
Paycom Software stock price
Shares of PAYC opened at $141.99 on Friday. The stock has a 50-day simple moving average of $158.89 and a 200-day simple moving average of $181.55. Paycom Software, Inc. has a 52-week low of $139.69 and a 52-week high of $374.04. The company has a market cap of $8.25 billion, a PE ratio of 17.29, a P/E/G ratio of 2.17 and a beta of 1.16.
Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly results on Wednesday, May 01. The software maker reported $4.25 EPS for the quarter, topping the consensus estimate of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The company had revenue of $499.88 million during the quarter, compared to analysts’ expectations of $495.89 million. Equities research analysts predict that Paycom Software, Inc. will post 6.37 EPS for the current fiscal year.
Paycom Software announces dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.
Analysts set new price targets
Several analysts have weighed in on PAYC stock. William Blair gave a “market perform” rating to shares of Paycom Software in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating to shares of Paycom Software in a report on Thursday, May 2nd. Mizuho lowered their price target on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets lowered their price target on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the company in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their price target on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Sixteen equities research analysts have rated the stock with a hold rating, while four have given the company a buy rating. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average price target of $237.81.
View our latest report on PAYC
Institutional Trading from Paycom Software
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Paycom Software by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock worth $1,227,278,000 after purchasing an additional 137,583 shares in the last quarter. Sylebra Capital LLC acquired a new stake in shares of Paycom Software in the first quarter worth approximately $253,196,000. American Century Companies Inc. increased its position in shares of Paycom Software by 18.8% in the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after purchasing an additional 180,202 shares in the last quarter. Brown Capital Management LLC increased its position in shares of Paycom Software by 10.1% in the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock worth $228,642,000 after purchasing an additional 101,744 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Paycom Software by 7.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock worth $182,426,000 after purchasing an additional 71,272 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
About Paycom Software
(Get free report)
Paycom Software, Inc. provides cloud-based human capital management (HCM) solutions delivered as software-as-a-service to small to mid-sized businesses in the United States. It offers the functionality and data analytics that businesses need to manage the employment lifecycle, from hiring to retirement.
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