Chad R. Richison Sells 1,950 Shares of Paycom Software, Inc. (NYSE:PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $209.62, for a total transaction of $408,759.00. Following the completion of the transaction, the chief executive officer now owns 2,747,010 shares in the company, valued at $575,828,236.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Paycom Software Stock Up 0.4 %

PAYC stock traded up $0.81 during midday trading on Monday, reaching $211.46. 818,390 shares of the company's stock traded hands, compared to its average volume of 818,635. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $222.30. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.97 and a beta of 1.13. The firm's fifty day moving average price is $167.57 and its 200-day moving average price is $163.00.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Monday, November 25th. Paycom Software's dividend payout ratio (DPR) is currently 18.05%.

Analysts Set New Price Targets

PAYC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a research note on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Mizuho lifted their price objective on shares of Paycom Software from $170.00 to $190.00 and gave the company a "neutral" rating in a research note on Monday. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $193.67.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Empirical Finance LLC increased its position in shares of Paycom Software by 3.9% during the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker's stock valued at $314,000 after buying an additional 60 shares during the period. Andina Capital Management LLC increased its position in shares of Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker's stock valued at $275,000 after buying an additional 63 shares during the period. Davis Investment Partners LLC increased its position in shares of Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker's stock worth $1,067,000 after purchasing an additional 64 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker's stock worth $54,000 after purchasing an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Paycom Software by 1.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker's stock worth $661,000 after purchasing an additional 79 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.

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