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

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $142.01, for a total value of $276,919.50. Following the completion of the transaction, the chief executive officer now directly owns 3,037,358 shares in the company, valued at approximately $431,335,209.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Price Performance

Shares of PAYC opened at $142.30 on Tuesday. Paycom Software, Inc. has a one year low of $139.69 and a one year high of $374.04. The company has a 50-day simple moving average of $162.51 and a two-hundred day simple moving average of $182.95. The firm has a market capitalization of $8.27 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 1st. 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 business had revenue of $499.88 million during the quarter, compared to analyst estimates of $495.89 million. Analysts expect that Paycom Software, Inc. will post 6.37 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.05%. Paycom Software’s payout ratio is 18.27%.

Hedge Funds Weigh In On Paycom Software

Several large investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC lifted its holdings in shares of Paycom Software by 5.9% during the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after purchasing an additional 55 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Paycom Software by 3.9% during the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock valued at $314,000 after purchasing an additional 60 shares during the last quarter. Optas LLC lifted its holdings in shares of Paycom Software by 6.1% during the first quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after purchasing an additional 61 shares during the last quarter. Bouvel Investment Partners LLC lifted its holdings in shares of Paycom Software by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock valued at $1,329,000 after purchasing an additional 63 shares during the last quarter. Finally, Wahed Invest LLC lifted its holdings in shares of Paycom Software by 7.9% during the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after purchasing an additional 64 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho reduced their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Citigroup reduced their price objective on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Jefferies Financial Group reduced their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Finally, Barclays cut their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $237.81.

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.