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

by · The Markets Daily

Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $167.37, for a total value of $326,371.50. Following the transaction, the chief executive officer now owns 2,754,810 shares in the company, valued at $461,072,549.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Trading Up 0.1 %

NYSE:PAYC traded up $0.19 during trading hours on Tuesday, hitting $167.54. The company’s stock had a trading volume of 573,646 shares, compared to its average volume of 806,868. The stock has a market capitalization of $9.62 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. The stock has a fifty day moving average of $165.23 and a 200-day moving average of $163.06. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $247.42.

Paycom Software (NYSE:PAYC – Get Free Report) last posted its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. The firm had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. On average, sell-side analysts forecast that Paycom Software, Inc. will post 6.64 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.90%. Paycom Software’s payout ratio is 18.07%.

Analyst Ratings Changes

PAYC has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Paycom Software from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Seventeen 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 a consensus target price of $182.25.

Check Out Our Latest Analysis on Paycom Software

Hedge Funds Weigh In On Paycom Software

Several hedge funds have recently made changes to their positions in PAYC. Sylebra Capital LLC purchased a new position in shares of Paycom Software during the first quarter worth about $253,196,000. Federated Hermes Inc. grew its holdings in shares of Paycom Software by 1,011.2% during the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock worth $83,244,000 after purchasing an additional 529,591 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after purchasing an additional 278,529 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Paycom Software by 769.2% during the second quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock worth $28,803,000 after purchasing an additional 178,198 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Paycom Software by 12,268.6% during the second quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock worth $242,000 after purchasing an additional 167,834 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Company Profile

(Get Free Report)

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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