Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, July 22. The shares were sold at an average price of $158.27, for a total transaction value of $308,626.50. With this transaction, the CEO now directly owns 3,008,108 shares of the company’s stock, valued at approximately $476,093,253.16. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website.
Paycom Software shares rise 3.4%
NYSE PAYC shares opened trading at $165.41 on Wednesday. The company’s 50-day moving average price is $153.00 and its 200-day moving average price is $176.89. Paycom Software, Inc.’s 52-week low is $139.50 and its 52-week high is $374.04. The company has a market cap of $9.61 billion, a P/E ratio of 20.15, a price-to-earnings growth ratio of 2.63 and a beta of 1.16.
Paycom Software (NYSE:PAYC – get free report ) announced its latest earnings results on Wednesday, May 1st. The software maker reported quarterly earnings per share (EPS) of $4.25, beating analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had net margins of 26.91% and return on equity of 32.84%. The company had revenue of $499.88 million for the quarter, compared to analysts’ expectations of $495.89 million. Analysts on average are expecting Paycom Software, Inc. to post earnings per share of $6.36 for the year.
Paycom Software Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.375. The ex-dividend date was Friday, May 24th. This equates to a $1.50 dividend on an annualized basis, or a dividend yield of 0.91%. Paycom Software’s dividend payout ratio is currently 18.27%.
Analyst upgrades and downgrades
PAYC has been the topic of many research analyst reports. Citigroup lowered their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. William Blair reaffirmed their “market average” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Jefferies Financial Group lowered their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the company in a research report on Monday, June 24th. Finally, Needham and Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2. Seventeen equities research analysts have rated the stock with a hold rating, and three have given a buy rating. MarketBeat.com has given the stock an average rating of “hold” and an average target price of $236.38.
Check out our latest stock analysis for Paycom Software
Hedge funds get into Paycom software
A number of hedge funds and other institutional investors have recently bought and sold shares of PAYC. Mather Group LLC acquired a stake in Paycom Software worth $26,000 in the first quarter. Hexagon Capital Partners LLC increased its holdings in shares of Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Palisade Asset Management LLC acquired a stake in Paycom Software worth $32,000 in the first quarter. MFA Wealth Advisors LLC acquired a stake in Paycom Software worth $26,000 in the second quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Paycom Software during the 4th quarter worth about $41,000. 87.77% of the stock is now owned by institutional investors and hedge funds.
Paycom Software Company Profile
(Get your free report)
Paycom Software, Inc. provides cloud-based human capital management (HCM) solutions as a software-as-a-service to small and medium-sized businesses in the United States, providing the functionality and data analytics companies need to manage the employee lifecycle from hire to retire.
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