Paycom Software, Inc. (NYSE:PAYC) CEO Sells $446,725.50 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total value of $446,725.50. Following the sale, the chief executive officer now owns 2,731,410 shares in the company, valued at $625,738,716.90. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Paycom Software Price Performance

Shares of PAYC opened at $219.88 on Friday. The firm has a 50-day simple moving average of $178.94 and a two-hundred day simple moving average of $165.73. The stock has a market cap of $12.68 billion, a PE ratio of 26.46, a P/E/G ratio of 3.05 and a beta of 1.14. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $233.69.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is currently 18.05%.

Hedge Funds Weigh In On Paycom Software

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in shares of Paycom Software by 51.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after buying an additional 905 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock worth $12,848,000 after acquiring an additional 14,670 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of Paycom Software in the 1st quarter valued at approximately $253,196,000. Profund Advisors LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at $589,000. Finally, BOKF NA grew its stake in shares of Paycom Software by 453.0% during the first quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after purchasing an additional 7,552 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. TD Cowen raised their target price on shares of 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 reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Barclays raised their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Mizuho upped their target price on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $193.67.

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.