Paycom Software, Inc. (NYSE:PAYC) COO Randall Peck Sells 890 Shares

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) COO Randall Peck sold 890 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total transaction of $234,256.90. Following the completion of the sale, the chief operating officer now directly owns 49,394 shares of the company's stock, valued at approximately $13,000,994.74. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paycom Software Price Performance

Paycom Software stock traded up $1.76 during midday trading on Friday, reaching $265.69. The company's stock had a trading volume of 348,667 shares, compared to its average volume of 677,788. The stock has a market capitalization of $15.37 billion, a P/E ratio of 29.85, a PEG ratio of 2.40 and a beta of 0.81. The stock's 50-day simple moving average is $235.57 and its 200-day simple moving average is $222.20. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $267.76.

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

Paycom Software Announces Dividend

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

Institutional Investors Weigh In On Paycom Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group raised its stake in Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock worth $52,000 after acquiring an additional 39 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after purchasing an additional 49 shares during the period. Commerce Bank increased its holdings in shares of Paycom Software by 2.2% in the first quarter. Commerce Bank now owns 2,351 shares of the software maker's stock valued at $514,000 after purchasing an additional 50 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after purchasing an additional 51 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Paycom Software by 12.9% during the first quarter. Allworth Financial LP now owns 464 shares of the software maker's stock worth $105,000 after purchasing an additional 53 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAYC. Barclays boosted their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Wall Street Zen lowered Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. KeyCorp raised their price objective on Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Piper Sandler lifted their target price on Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus increased their price target on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $226.90.

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.