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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $164.29, for a total transaction of $320,365.50. Following the completion of the sale, the chief executive officer now owns 2,760,660 shares in the company, valued at $453,548,831.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Stock Performance

NYSE PAYC opened at $164.60 on Friday. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $253.33. The stock has a market cap of $9.45 billion, a PE ratio of 19.83, a P/E/G ratio of 2.35 and a beta of 1.17. The firm has a 50-day moving average of $165.06 and a 200-day moving average of $163.90.

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

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio is 18.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PAYC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Barclays raised their price objective on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. TD Cowen increased their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their price target on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $182.25.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Paycom Software in the first quarter valued at about $26,000. Palisade Asset Management LLC acquired a new position in shares of Paycom Software during the 1st quarter worth approximately $32,000. Armstrong Advisory Group Inc. bought a new position in shares of Paycom Software during the third quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Paycom Software in the second quarter valued at approximately $25,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.