Paycom Software, Inc. (NYSE:PAYC) COO Sells $763,884.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the transaction, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Paycom Software Price Performance

Paycom Software stock opened at $216.24 on Friday. The stock’s fifty day moving average price is $207.77 and its two-hundred day moving average price is $195.24. The firm has a market cap of $12.38 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

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

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is presently 16.85%.

Institutional Investors Weigh In On Paycom Software

A number of large investors have recently modified their holdings of PAYC. Creative Planning boosted its holdings in shares of Paycom Software by 27.5% in the 3rd quarter. Creative Planning now owns 7,586 shares of the software maker’s stock valued at $1,264,000 after purchasing an additional 1,635 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after acquiring an additional 194 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Paycom Software by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,944 shares of the software maker’s stock valued at $5,654,000 after acquiring an additional 2,937 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Paycom Software by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,398 shares of the software maker’s stock valued at $400,000 after acquiring an additional 300 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Paycom Software by 9,997.5% during the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock valued at $46,859,000 after acquiring an additional 278,529 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAYC. TD Cowen increased their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Citigroup lowered their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler increased their target price on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group increased their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays lowered their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Eleven 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 stock currently has a consensus rating of “Hold” and an average 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.