Paycom Software, Inc. (NYSE:PAYC) Director Sells $109,110.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paycom Software Price Performance

Paycom Software stock opened at $219.19 on Friday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The firm has a market capitalization of $12.55 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. The company’s 50-day moving average is $208.01 and its 200 day moving average is $195.70.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.68%. Paycom Software’s dividend payout ratio is currently 16.85%.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds have recently added to or reduced their stakes in PAYC. Glass Jacobson Investment Advisors llc grew its stake in Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Brooklyn Investment Group bought a new position in Paycom Software in the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. grew its stake in Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software during the fourth quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after purchasing an additional 189 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. TD Cowen upped their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays decreased their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Mizuho increased their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $209.22.

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.