Insider Selling: Paycom Software, Inc. (NYSE:PAYC) COO Sells 890 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) COO Randall Peck sold 890 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the transaction, the chief operating officer now owns 49,394 shares in the company, valued at $13,000,994.74. This represents a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Paycom Software Stock Up 0.7%

PAYC stock traded up $1.75 during mid-day trading on Friday, hitting $265.68. 115,139 shares of the company were exchanged, compared to its average volume of 678,934. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $267.76. The business has a fifty day simple moving average of $234.68 and a 200-day simple moving average of $221.85. The firm has a market capitalization of $15.37 billion, a P/E ratio of 29.82, a PEG ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.18. The business had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 EPS. Research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.56%. Paycom Software's dividend payout ratio is presently 21.40%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PAYC. Wall Street Zen lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. Barclays increased their target price on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, KeyCorp upped their target price on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $226.90.

Institutional Trading of Paycom Software

A number of large investors have recently bought and sold shares of PAYC. Proficio Capital Partners LLC purchased a new stake in shares of Paycom Software in the fourth quarter valued at about $7,142,000. Glenview Trust co increased its position in Paycom Software by 27.1% in the 4th quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock valued at $2,520,000 after acquiring an additional 2,625 shares during the period. American Century Companies Inc. raised its stake in Paycom Software by 43.0% during the 4th quarter. American Century Companies Inc. now owns 52,755 shares of the software maker's stock valued at $10,813,000 after acquiring an additional 15,852 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Paycom Software by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after acquiring an additional 79 shares during the period. Finally, Focus Financial Network Inc. purchased a new position in shares of Paycom Software in the 4th quarter valued at approximately $245,000. Institutional investors and hedge funds own 87.77% of the company's stock.

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.