Paycom Software, Inc. (NYSE:PAYC) CEO Sells $412,932.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $211.76, for a total value of $412,932.00. Following the completion of the sale, the chief executive officer now directly owns 2,745,060 shares of the company’s stock, valued at $581,293,905.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $7.02 during trading on Tuesday, hitting $218.48. 1,044,537 shares of the company’s stock traded hands, compared to its average volume of 819,690. The company has a market cap of $12.55 billion, a PE ratio of 26.30, a PEG ratio of 2.91 and a beta of 1.14. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $222.30. The firm’s fifty day moving average price is $168.50 and its 200 day moving average price is $163.19.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. Paycom Software’s payout ratio is 18.05%.

Analyst Ratings Changes

A number of analysts recently issued reports on PAYC shares. Barclays lifted their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. TD Cowen boosted their price objective on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Citigroup boosted their price objective on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $193.67.

Hedge Funds Weigh In On Paycom Software

Several large investors have recently made changes to their positions in the company. Sylebra Capital LLC raised its holdings in Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after purchasing an additional 685,190 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 valued at $152,925,000 after buying an additional 92,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Paycom Software by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock worth $124,709,000 after purchasing an additional 79,299 shares during the last quarter. Federated Hermes Inc. raised its stake in Paycom Software by 1,011.2% in the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after buying an additional 529,591 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Paycom Software by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker’s stock valued at $65,122,000 after purchasing an additional 26,934 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Paycom Software

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.