Paycom Software, Inc. (NYSE:PAYC) Director Sells $109,110.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the transaction, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paycom Software Price Performance

NYSE:PAYC opened at $216.24 on Friday. The company has a market capitalization of $12.38 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.40 and a beta of 1.15. The business has a fifty day simple moving average of $207.77 and a two-hundred day simple moving average of $195.24. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PAYC shares. Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. TD Cowen upped their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Piper Sandler lifted their price target on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Citigroup reduced their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $209.22.

Institutional Trading of Paycom Software

A number of institutional investors have recently modified their holdings of PAYC. Glass Jacobson Investment Advisors llc raised its holdings in Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Paycom Software in the fourth quarter valued at $30,000. Brooklyn Investment Group bought a new stake in shares of Paycom Software during the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. lifted its holdings in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Paycom Software during the 4th quarter worth about $39,000. 87.77% of the stock is currently 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.