Paycom Software, Inc. (NYSE:PAYC - Get Free Report) CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $169.17, for a total value of $329,881.50. Following the completion of the transaction, the chief executive officer now directly owns 2,764,560 shares in the company, valued at $467,680,615.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Paycom Software Stock Performance
PAYC opened at $166.40 on Wednesday. The business has a 50 day moving average price of $164.67 and a 200 day moving average price of $164.15. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $264.70. The firm has a market cap of $9.56 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17.
Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The firm had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. As a group, analysts anticipate that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
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The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.90%. Paycom Software's dividend payout ratio (DPR) is currently 18.07%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on PAYC shares. Jefferies Financial Group lifted their target price on Paycom Software from $155.00 to $170.00 and gave the company a "hold" rating in a research note on Tuesday. TD Cowen lifted their target price on Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research note on Monday, July 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Barclays lifted their target price on Paycom Software from $167.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Seventeen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $182.25.
View Our Latest Report on Paycom Software
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PAYC. Sylebra Capital LLC bought a new position in Paycom Software in the 1st quarter worth approximately $253,196,000. Federated Hermes Inc. increased its position in Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker's stock worth $83,244,000 after buying an additional 529,591 shares during the period. International Assets Investment Management LLC increased its position in Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock worth $46,859,000 after buying an additional 278,529 shares during the period. Raymond James & Associates increased its position in Paycom Software by 769.2% in the 2nd quarter. Raymond James & Associates now owns 201,366 shares of the software maker's stock worth $28,803,000 after buying an additional 178,198 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in Paycom Software by 12,268.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker's stock worth $242,000 after buying an additional 167,834 shares during the period. 87.77% of the stock is owned by institutional investors.
About Paycom Software
(
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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