Key Points
- CFO Robert Foster sold 1,300 shares on December 10 at an average price of $162.66 for $211,458, reducing his stake by 8.10% to 14,747 shares valued at about $2.40 million.
- Paycom recently reported Q3 EPS of $1.94 (missed by $0.02) with revenue up 9.2% to $493.3M, pays a $0.375 quarterly dividend (annualized $1.50, 0.9% yield), and carries a consensus analyst rating of Hold with an average price target of $225.77.
Paycom Software, Inc. (NYSE:PAYC - Get Free Report) CFO Robert Foster sold 1,300 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Paycom Software Stock Performance
Paycom Software stock opened at $167.33 on Friday. Paycom Software, Inc. has a one year low of $156.50 and a one year high of $267.76. The company has a 50-day simple moving average of $179.76 and a 200-day simple moving average of $213.18. The firm has a market capitalization of $9.42 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.78 and a beta of 0.84.
Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data 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). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.
Paycom Software Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a $0.375 dividend. 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 is 18.66%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PAYC. Ethic Inc. bought a new stake in shares of Paycom Software during the 2nd quarter worth about $566,000. Aviva PLC lifted its holdings in Paycom Software by 65.2% in the 2nd quarter. Aviva PLC now owns 34,129 shares of the software maker's stock worth $7,897,000 after purchasing an additional 13,473 shares during the last quarter. United Asset Strategies Inc. bought a new stake in Paycom Software during the second quarter worth approximately $877,000. Hussman Strategic Advisors Inc. acquired a new position in Paycom Software during the second quarter valued at approximately $2,916,000. Finally, Nisa Investment Advisors LLC raised its position 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 valued at $3,392,000 after purchasing an additional 6,866 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
PAYC has been the topic of several analyst reports. Mizuho lowered their target price on Paycom Software from $220.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Paycom Software in a report on Monday, December 1st. TD Cowen cut their price objective on shares of Paycom Software from $258.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. Barclays decreased their target price on shares of Paycom Software from $225.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research raised shares of Paycom Software from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $225.77.
Get Our Latest Analysis on Paycom Software
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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