Insider Selling: Paycom Software Inc (NYSE:PAYC) CEO Sells 45,000 Shares of Stock

Paycom Software Inc (NYSE:PAYC) CEO Chad R. Richison sold 45,000 shares of Paycom Software stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $311.29, for a total value of $14,008,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Paycom Software stock traded up $9.14 during mid-day trading on Thursday, reaching $320.44. 776,220 shares of the company’s stock were exchanged, compared to its average volume of 845,851. The business’s fifty day simple moving average is $285.06 and its 200 day simple moving average is $270.39. The firm has a market capitalization of $18.76 billion, a PE ratio of 106.11, a P/E/G ratio of 4.58 and a beta of 1.61. Paycom Software Inc has a one year low of $163.42 and a one year high of $342.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.05.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. The business had revenue of $181.59 million for the quarter, compared to analyst estimates of $183.60 million. Paycom Software had a return on equity of 30.80% and a net margin of 22.23%. Paycom Software’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, sell-side analysts forecast that Paycom Software Inc will post 2.32 earnings per share for the current year.

A number of brokerages have weighed in on PAYC. Needham & Company LLC lifted their target price on Paycom Software from $265.00 to $316.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Zacks Investment Research cut Paycom Software from a “hold” rating to a “sell” rating and set a $323.00 price objective for the company. in a research note on Wednesday, September 2nd. TheStreet cut Paycom Software from a “b” rating to a “c+” rating in a research note on Tuesday, August 4th. Jefferies Financial Group raised their price objective on Paycom Software from $215.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler raised Paycom Software from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $298.00 to $328.00 in a research note on Wednesday, August 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Paycom Software currently has a consensus rating of “Hold” and an average price target of $278.18.

A number of institutional investors have recently modified their holdings of the stock. Atria Investments LLC lifted its holdings in Paycom Software by 0.7% during the second quarter. Atria Investments LLC now owns 14,633 shares of the software maker’s stock worth $4,532,000 after acquiring an additional 99 shares during the period. Two Sigma Advisers LP lifted its holdings in Paycom Software by 15.3% during the second quarter. Two Sigma Advisers LP now owns 129,700 shares of the software maker’s stock worth $40,172,000 after acquiring an additional 17,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Paycom Software by 1.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,267 shares of the software maker’s stock worth $14,330,000 after acquiring an additional 612 shares during the period. Principal Financial Group Inc. lifted its holdings in Paycom Software by 3.9% during the second quarter. Principal Financial Group Inc. now owns 75,368 shares of the software maker’s stock worth $23,344,000 after acquiring an additional 2,819 shares during the period. Finally, Capital Advisors Inc. OK bought a new stake in Paycom Software during the second quarter worth $270,000. Institutional investors and hedge funds own 73.87% of the company’s stock.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

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