Paycom Software, Inc. (NYSE:PAYC - Get Free Report) insider Terrell Shane Hadlock sold 241 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the sale, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Terrell Shane Hadlock also recently made the following trade(s):
- On Thursday, August 27th, Terrell Shane Hadlock sold 2,577 shares of Paycom Software stock. The stock was sold at an average price of $237.60, for a total transaction of $612,295.20.
Paycom Software Stock Up 0.2%
PAYC stock opened at $239.06 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $10.77 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.32 and a beta of 0.75. The business has a 50-day moving average of $173.53 and a 200-day moving average of $144.39. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $242.50.
Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.40. The business had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.Paycom Software's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software's dividend payout ratio (DPR) is currently 15.94%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. TD Cowen increased their target price on shares of Paycom Software from $149.00 to $244.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Barclays lifted their price target on shares of Paycom Software from $154.00 to $210.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Paycom Software from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. KeyCorp increased their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets raised their price objective on Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Paycom Software currently has an average rating of "Hold" and a consensus price target of $208.08.
View Our Latest Analysis on PAYC
Hedge Funds Weigh In On Paycom Software
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock worth $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software in the second quarter valued at $29,000. Caitlin John LLC bought a new position in shares of Paycom Software in the 2nd quarter valued at about $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Paycom Software in the 2nd quarter valued at about $33,000. 87.77% of the stock is owned by institutional investors.
Paycom Software Company Profile
(
Get Free Report)
Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom's software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.
The company's core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.
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