Robert Foster Sells 1,300 Shares of Paycom Software (NYSE:PAYC) Stock

by · The Cerbat Gem

Paycom Software, Inc. (NYSE:PAYC – Get Free Report) CFO Robert Foster sold 1,300 shares of Paycom Software stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paycom Software Stock Up 1.4%

Shares of NYSE:PAYC traded up $2.35 during trading on Thursday, hitting $166.15. The stock had a trading volume of 796,613 shares, compared to its average volume of 657,866. The company has a market capitalization of $9.35 billion, a PE ratio of 20.67, a PEG ratio of 1.77 and a beta of 0.84. The firm’s fifty day moving average is $180.47 and its 200 day moving average is $213.51. Paycom Software, Inc. has a 12 month low of $156.50 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.02). The firm had revenue of $493.30 million during the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.Paycom Software’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. Equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is 18.66%.

Institutional Investors Weigh In On Paycom Software

Large investors have recently bought and sold shares of the business. Ethic Inc. purchased a new stake in Paycom Software in the second quarter worth approximately $566,000. Aviva PLC raised its stake in Paycom Software by 65.2% during the 2nd quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock valued at $7,897,000 after buying an additional 13,473 shares during the last quarter. United Asset Strategies Inc. bought a new position in shares of Paycom Software during the 2nd quarter valued at $877,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Paycom Software in the 2nd quarter worth $2,916,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Paycom Software by 88.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,658 shares of the software maker’s stock worth $3,392,000 after acquiring an additional 6,866 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho dropped their price objective on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. TD Cowen dropped their price target on Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. UBS Group cut their price target on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. KeyCorp lowered their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.77.

View Our Latest Stock Report 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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