Paycom Software, Inc. (NYSE:PAYC) Director Sells $109,110.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) Director J C. Watts, Jr. sold 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paycom Software Price Performance

NYSE:PAYC opened at $219.49 on Thursday. The firm has a market capitalization of $12.57 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.40 and a beta of 1.15. The business has a 50 day simple moving average of $207.39 and a 200 day simple moving average of $194.92. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Putney Financial Group LLC purchased a new position in shares of Paycom Software during the 4th quarter valued at $39,000. North Star Asset Management Inc. lifted its holdings in shares of Paycom Software by 2.5% during the 4th quarter. North Star Asset Management Inc. now owns 47,681 shares of the software maker’s stock valued at $9,773,000 after buying an additional 1,174 shares during the last quarter. GTS Securities LLC grew its stake in shares of Paycom Software by 213.2% in the 4th quarter. GTS Securities LLC now owns 4,613 shares of the software maker’s stock valued at $946,000 after buying an additional 3,140 shares in the last quarter. Sylebra Capital LLC raised its position in Paycom Software by 63.8% during the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock valued at $658,996,000 after acquiring an additional 1,252,617 shares in the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in Paycom Software in the fourth quarter valued at approximately $247,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PAYC shares. TD Cowen lifted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price target on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $209.22.

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.