Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO Sells $281,619.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $144.42, for a total value of $281,619.00. Following the sale, the chief executive officer now directly owns 3,062,708 shares in the company, valued at $442,316,289.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Paycom Software Stock Down 2.0 %

Paycom Software stock traded down $2.91 during mid-day trading on Tuesday, reaching $143.39. 813,440 shares of the company’s stock traded hands, compared to its average volume of 853,382. Paycom Software, Inc. has a 12-month low of $142.30 and a 12-month high of $374.04. The stock has a 50 day moving average of $178.27 and a two-hundred day moving average of $187.48. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.24 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $2.29. The firm had revenue of $499.88 million for the quarter, compared to analysts’ expectations of $495.89 million. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 6.26 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a $0.375 dividend. The ex-dividend date was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a yield of 1.05%. Paycom Software’s dividend payout ratio is presently 18.27%.

Analyst Ratings Changes

A number of brokerages have commented on PAYC. Mizuho reduced their target price on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Citigroup decreased their target price on shares of Paycom Software from $196.00 to $193.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $246.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PAYC. Vanguard Group Inc. grew its holdings in Paycom Software by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock valued at $1,227,278,000 after purchasing an additional 137,583 shares during the last quarter. Sylebra Capital LLC purchased a new stake in shares of Paycom Software in the first quarter valued at approximately $253,196,000. American Century Companies Inc. increased its holdings in Paycom Software by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after purchasing an additional 180,202 shares during the period. Brown Capital Management LLC lifted its stake in Paycom Software by 10.1% in the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock worth $228,642,000 after acquiring an additional 101,744 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Paycom Software by 7.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock worth $182,426,000 after buying an additional 71,272 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Company Profile

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.