Insider Selling: Paycom Software, Inc. (NYSE:PAYC) Insider Sells 3,000 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC) insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now 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 legal filing with the SEC, which is available through the SEC website.

Paycom Software Price Performance

Shares of PAYC opened at $217.04 on Wednesday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The company has a 50-day moving average of $209.51 and a 200 day moving average of $200.53. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued 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 0.69%. Paycom Software’s dividend payout ratio is currently 16.85%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PAYC shares. Barclays dropped their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. TD Cowen increased their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Citigroup reduced their target price 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. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price on the stock in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus price target of $212.80.

Institutional Investors Weigh In On Paycom Software

Large investors have recently modified their holdings of the business. Glass Jacobson Investment Advisors llc raised its holdings in shares of Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software during the 4th quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in shares of Paycom Software during the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Putney Financial Group LLC bought a new position in shares of Paycom Software during the 4th quarter worth approximately $39,000. Institutional investors 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.