Paycom Software, Inc. (NYSE:PAYC - Get Free Report) insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $249.96, for a total value of $374,940.00. Following the transaction, the insider now owns 27,233 shares in the company, valued at approximately $6,807,160.68. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Paycom Software Price Performance
NYSE:PAYC traded down $4.68 during trading hours on Tuesday, reaching $241.73. The company's stock had a trading volume of 561,214 shares, compared to its average volume of 671,235. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.81. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $267.76. The business's 50-day moving average is $241.43 and its 200-day moving average is $222.89.
Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. The firm had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. Paycom Software's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 earnings per share. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.
Paycom Software Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is 21.40%.
Institutional Investors Weigh In On Paycom Software
A number of hedge funds have recently bought and sold shares of PAYC. Brighton Jones LLC acquired a new position in shares of Paycom Software during the fourth quarter valued at about $638,000. Empowered Funds LLC raised its position in Paycom Software by 156.9% in the fourth quarter. Empowered Funds LLC now owns 6,478 shares of the software maker's stock worth $1,328,000 after purchasing an additional 3,956 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Paycom Software by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,361 shares of the software maker's stock worth $6,920,000 after purchasing an additional 417 shares in the last quarter. Van ECK Associates Corp raised its position in Paycom Software by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 11,560 shares of the software maker's stock worth $2,369,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Paycom Software by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after purchasing an additional 79 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on PAYC. Barclays boosted their target price on Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Stifel Nicolaus boosted their price target on Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. KeyCorp boosted their target price on Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Piper Sandler upped their price target on Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets upped their price target on Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $226.90.
View Our Latest Analysis on Paycom Software
About Paycom Software
(
Get Free Report)
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.
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