Insider Selling: Paycom Software (NYSE:PAYC) Insider Sells $57,856.87 in Stock

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 241 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the sale, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This represents a 0.34% decrease in their position. The transaction 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 Thursday, August 27th, Terrell Shane Hadlock sold 2,577 shares of Paycom Software stock. The shares were sold at an average price of $237.60, for a total value of $612,295.20.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $235.49 on Thursday. The business has a 50-day simple moving average of $177.95 and a 200-day simple moving average of $146.04. 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 one year low of $104.90 and a one year high of $243.28. The company has a market cap of $10.61 billion, a PE ratio of 25.03, a P/E/G ratio of 1.32 and a beta of 0.78.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed 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. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s payout ratio is 15.94%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Cantor Fitzgerald increased their target price on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. UBS Group upped their price objective on Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen increased their price objective on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus boosted their target price on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $214.23.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently bought and sold shares of PAYC. Fluent Financial LLC purchased a new position in Paycom Software during the 2nd quarter worth approximately $2,439,000. Principal Financial Group Inc. boosted its holdings in shares of Paycom Software by 290.5% in the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after acquiring an additional 181,346 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Paycom Software by 1,151.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after acquiring an additional 157,201 shares during the period. Janus Henderson Group PLC raised its position in 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 last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Paycom Software in the 4th quarter valued at $8,376,000. 87.77% of the stock is owned by hedge funds and other 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.