Insider Selling: Paycom Software, Inc. (NYSE:PAYC) Insider Sells $130,110.66 in Stock

Paycom Software, Inc. (NYSE:PAYCGet Free Report) insider Jason D. Clark sold 906 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $143.61, for a total value of $130,110.66. Following the transaction, the insider now owns 43,367 shares of the company’s stock, valued at $6,227,934.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Paycom Software Price Performance

NYSE PAYC opened at $142.78 on Monday. The company has a fifty day moving average of $173.84 and a two-hundred day moving average of $186.48. Paycom Software, Inc. has a 1 year low of $140.12 and a 1 year high of $374.04. The company has a market capitalization of $8.30 billion, a PE ratio of 17.39, a P/E/G ratio of 2.20 and a beta of 1.17.

Paycom Software (NYSE:PAYCGet Free Report) last announced its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. The firm had revenue of $499.88 million during the quarter, compared to analysts’ expectations of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, research analysts expect that Paycom Software, Inc. will post 6.26 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 annualized dividend and a yield of 1.05%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pathstone Family Office LLC grew its holdings in shares of Paycom Software by 19.9% during the third quarter. Pathstone Family Office LLC now owns 2,614 shares of the software maker’s stock worth $678,000 after buying an additional 433 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Paycom Software by 121.3% during the third quarter. HighTower Advisors LLC now owns 22,270 shares of the software maker’s stock worth $5,836,000 after purchasing an additional 12,206 shares during the last quarter. Rhumbline Advisers grew its position in Paycom Software by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 100,721 shares of the software maker’s stock valued at $26,114,000 after buying an additional 755 shares during the last quarter. Aviva PLC increased its stake in Paycom Software by 266.0% in the 3rd quarter. Aviva PLC now owns 7,158 shares of the software maker’s stock valued at $1,856,000 after buying an additional 5,202 shares during the period. Finally, Kestra Advisory Services LLC raised its position in Paycom Software by 2.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 15,983 shares of the software maker’s stock worth $4,144,000 after buying an additional 434 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAYC shares. Mizuho dropped their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Barclays cut their price target on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $246.31.

Check Out Our Latest Analysis on Paycom Software

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.

Featured Stories

Insider Buying and Selling by Quarter for Paycom Software (NYSE:PAYC)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.