Paycom Software, Inc. (NYSE:PAYC - Get Free Report) was down 5.5% during trading on Wednesday . The company traded as low as $220.21 and last traded at $220.21. Approximately 309,796 shares were traded during trading, a decline of 61% from the average daily volume of 785,373 shares. The stock had previously closed at $232.97.
Wall Street Analyst Weigh In
PAYC has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Citigroup increased their price target on shares of Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a "hold" rating to a "buy" rating in a research note on Monday. Barclays increased their target price on Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, TD Cowen boosted their price target on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $202.56.
Read Our Latest Stock Report on PAYC
Paycom Software Price Performance
The company has a fifty day moving average price of $209.20 and a two-hundred day moving average price of $175.09. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 3.12 and a beta of 1.11.
Paycom Software Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software's payout ratio is 18.05%.
Insider Activity at Paycom Software
In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the sale, the chief executive officer now directly owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 44,850 shares of company stock worth $8,107,983 in the last quarter. 14.50% of the stock is owned by company insiders.
Institutional Trading of Paycom Software
Institutional investors have recently bought and sold shares of the company. Sylebra Capital LLC lifted its position in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Paycom Software by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock worth $237,015,000 after purchasing an additional 45,404 shares during the last quarter. FMR LLC boosted its stake in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after purchasing an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock valued at $104,524,000 after buying an additional 6,488 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Paycom Software by 1,011.2% in the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker's stock worth $83,244,000 after buying an additional 529,591 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.
Paycom Software Company Profile
(
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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