Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, October 7th. The stock was sold at an average price of $165.31, for a total value of $322,354.50. Following the transaction, the chief executive officer now directly owns 2,785,560 shares of the company’s stock, valued at $460,480,923.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Paycom Software Stock Up 0.2 %
Shares of NYSE:PAYC opened at $163.92 on Friday. The firm has a fifty day moving average of $163.47 and a two-hundred day moving average of $166.37. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $278.27. The firm has a market capitalization of $9.53 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.17.
Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The firm had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Equities research analysts expect that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. 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 report on Tuesday, June 18th. TD Cowen raised their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Jefferies Financial Group decreased their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, Barclays increased their price target on Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Seventeen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $179.75.
View Our Latest Stock Report on PAYC
Institutional Trading of Paycom Software
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Paycom Software by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock worth $1,227,278,000 after purchasing an additional 137,583 shares during the last quarter. Sylebra Capital LLC lifted its holdings in shares of Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after buying an additional 685,190 shares during the last quarter. Brown Capital Management LLC boosted its position in shares of 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 valued at $228,642,000 after acquiring an additional 101,744 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Paycom Software by 9.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock worth $152,925,000 after acquiring an additional 92,049 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Paycom Software by 14.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock worth $124,709,000 after acquiring an additional 79,299 shares during the period. 87.77% of the stock is owned by 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.
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