Paycom Software, Inc. (NYSE:PAYC) Insider Sells $603,030.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paycom Software Stock Up 0.3 %

NYSE:PAYC opened at $217.71 on Thursday. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock’s 50 day moving average price is $209.87 and its two-hundred day moving average price is $200.65.

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, 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%. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued 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 dividend yield of 0.69%. Paycom Software’s payout ratio is 16.85%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PAYC. Mizuho lifted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Piper Sandler boosted their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Stifel Nicolaus lowered their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, KeyCorp upgraded Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price objective for the company in a report on Monday, March 10th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $212.80.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYC. Glass Jacobson Investment Advisors llc lifted its position in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after buying an additional 112 shares during the last quarter. Brooklyn Investment Group bought a new stake in Paycom Software in the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. boosted its position in Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Paycom Software in the fourth quarter valued at $30,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after buying an additional 189 shares during the period. Institutional investors 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.