Paycom Software, Inc. (NYSE:PAYC) Insider Bradley Scott Smith Sells 3,000 Shares

Paycom Software, Inc. (NYSE:PAYC) insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Paycom Software Trading Up 3.8 %

Shares of PAYC stock traded up $7.87 during trading hours on Monday, hitting $215.86. 898,011 shares of the company’s stock were exchanged, compared to its average volume of 701,669. The company has a market capitalization of $12.36 billion, a PE ratio of 24.25, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The business’s 50 day simple moving average is $209.04 and its 200-day simple moving average is $199.78.

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

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Hedge Funds Weigh In On Paycom Software

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sylebra Capital LLC boosted its position in Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock valued at $658,996,000 after buying an additional 1,252,617 shares during the period. FMR LLC boosted its holdings in shares of Paycom Software by 137.8% during the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the period. Geode Capital Management LLC grew its stake in shares of Paycom Software by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock worth $310,245,000 after purchasing an additional 89,848 shares during the last quarter. Northern Trust Corp raised its position in Paycom Software by 10.9% during the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock valued at $148,402,000 after purchasing an additional 70,897 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock worth $104,524,000 after buying an additional 6,488 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAYC. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Mizuho raised their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $212.80.

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.