Paycom Software, Inc. (NYSE:PAYC - Get Free Report) insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares of the company's stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Paycom Software Stock Performance
Shares of NYSE PAYC traded up $3.31 during mid-day trading on Friday, hitting $218.74. The stock had a trading volume of 533,759 shares, compared to its average volume of 700,608. The company has a 50 day moving average of $210.19 and a two-hundred day moving average of $200.76. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The firm has a market cap of $12.53 billion, a PE ratio of 24.61, a PEG ratio of 2.40 and a beta of 1.14.
Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.
Paycom Software Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio is presently 16.85%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock worth $10,962,000 after buying an additional 5,574 shares during the last quarter. KBC Group NV raised its stake in Paycom Software by 219.9% during the 3rd quarter. KBC Group NV now owns 18,733 shares of the software maker's stock worth $3,120,000 after acquiring an additional 12,877 shares in the last quarter. CIBC Asset Management Inc increased its stake in Paycom Software by 9.2% in the third quarter. CIBC Asset Management Inc now owns 7,378 shares of the software maker's stock valued at $1,229,000 after purchasing an additional 621 shares during the period. Empowered Funds LLC increased its stake in shares of Paycom Software by 20.6% during the third quarter. Empowered Funds LLC now owns 2,522 shares of the software maker's stock worth $420,000 after acquiring an additional 430 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Paycom Software by 1,685.9% during the third quarter. Mizuho Securities USA LLC now owns 66,293 shares of the software maker's stock worth $11,042,000 after buying an additional 62,581 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Piper Sandler boosted their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, February 14th. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Mizuho upped their target price on Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Stifel Nicolaus lowered their target price on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $212.80.
Check Out Our Latest Stock Analysis on PAYC
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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