Paycom Software (NYSE:PAYC) Insider Sells $612,295.20 in Stock

Key Points

• Paycom insider Terrell Shane Hadlock sold 2,577 shares for $612,295.20 at an average price of $237.60, reducing direct ownership by 3.54% to 70,152 shares. He also sold an additional 241 shares the following day for $57,856.87.
• Paycom reported stronger-than-expected quarterly results, with EPS of $2.78 versus the $2.38 consensus estimate and revenue of $531.2 million, up 9.8% year over year.
• Shares traded near $239, close to their 52-week high of $242.50. Analysts’ consensus rating remains “Hold”, with an average price target of $208.08, while institutional investors own 87.77% of the stock.

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) insider Terrell Shane Hadlock sold 2,577 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total transaction of $612,295.20. Following the completion of the sale, the insider directly owned 70,152 shares of the company's stock, valued at $16,668,115.20. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Terrell Shane Hadlock also recently made the following trade(s):

• On Friday, August 28th, Terrell Shane Hadlock sold 241 shares of Paycom Software stock. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87.

Paycom Software Price Performance

Shares of NYSE PAYC traded up $0.53 during midday trading on Monday, reaching $239.06. The company's stock had a trading volume of 741,648 shares, compared to its average volume of 1,293,114. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $242.50. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75. The company has a 50 day moving average price of $171.24 and a 200 day moving average price of $143.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software's dividend payout ratio is currently 15.94%.

Institutional Investors Weigh In On Paycom Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP grew its holdings in shares of Paycom Software by 372.7% during the 2nd quarter. Corient Private Wealth LP now owns 86,007 shares of the software maker's stock valued at $10,809,000 after acquiring an additional 67,811 shares in the last quarter. HighTower Advisors LLC boosted its position in Paycom Software by 16.4% during the second quarter. HighTower Advisors LLC now owns 5,960 shares of the software maker's stock valued at $749,000 after purchasing an additional 839 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Paycom Software during the second quarter valued at $4,411,000. California State Teachers Retirement System grew its stake in Paycom Software by 9,363.4% in the second quarter. California State Teachers Retirement System now owns 5,681,993 shares of the software maker's stock valued at $714,113,000 after purchasing an additional 5,621,951 shares in the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in Paycom Software in the second quarter valued at about $266,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Guggenheim raised their target price on shares of Paycom Software from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. BTIG Research raised their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. Barclays increased their target price on Paycom Software from $154.00 to $210.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Paycom Software from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Paycom Software has a consensus rating of "Hold" and a consensus price target of $208.08.

Paycom Software Company Profile

Paycom Software, Inc NYSE: PAYC is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom's software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company's core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.

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