Paycom Software Inc. (NYSE:PAYC) insider Chad R. Richison bought 1,150 shares of Paycom Software stock in a transaction dated Monday, November 7th. The shares were purchased at an average cost of $43.98 per share, for a total transaction of $50,577.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Chad R. Richison also recently made the following trade(s):

  • On Wednesday, November 9th, Chad R. Richison bought 9,400 shares of Paycom Software stock. The shares were purchased at an average cost of $41.90 per share, for a total transaction of $393,860.00.
  • On Friday, November 4th, Chad R. Richison purchased 5,570 shares of Paycom Software stock. The stock was bought at an average cost of $43.21 per share, for a total transaction of $240,679.70.

Paycom Software Inc. (NYSE:PAYC) opened at 39.36 on Friday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 58.05 and a beta of 1.99. The stock’s 50 day moving average is $48.91 and its 200 day moving average is $45.89. Paycom Software Inc. has a 52-week low of $22.42 and a 52-week high of $52.93.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $77.30 million for the quarter, compared to the consensus estimate of $76.71 million. Paycom Software had a return on equity of 27.37% and a net margin of 13.17%. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. On average, analysts predict that Paycom Software Inc. will post $0.84 earnings per share for the current fiscal year.

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

Several analysts recently issued reports on PAYC shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $55.00 price target on shares of Paycom Software in a report on Thursday, August 4th. Stifel Nicolaus upped their price target on shares of Paycom Software from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Wunderlich upped their price target on shares of Paycom Software from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Barclays PLC reaffirmed a “buy” rating on shares of Paycom Software in a report on Sunday, July 17th. Finally, Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Friday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Paycom Software presently has an average rating of “Buy” and an average target price of $53.92.

Several large investors have recently made changes to their positions in the company. Teachers Advisors Inc. boosted its position in shares of Paycom Software by 15.5% in the first quarter. Teachers Advisors Inc. now owns 54,035 shares of the company’s stock valued at $1,924,000 after buying an additional 7,246 shares during the period. BlackRock Group LTD boosted its position in shares of Paycom Software by 33.6% in the first quarter. BlackRock Group LTD now owns 21,140 shares of the company’s stock valued at $752,000 after buying an additional 5,315 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Paycom Software by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 833,514 shares of the company’s stock valued at $29,673,000 after buying an additional 6,202 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Paycom Software by 4,492.2% in the first quarter. JPMorgan Chase & Co. now owns 158,890 shares of the company’s stock valued at $5,656,000 after buying an additional 155,430 shares during the period. Finally, Granahan Investment Management Inc. MA purchased a new position in shares of Paycom Software during the first quarter valued at approximately $1,845,000. Institutional investors and hedge funds own 80.23% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (Paycom) is a provider of cloud-based human capital management (HCM) software solution delivered as software as a service (SaaS). The Company’s solution is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications.

5 Day Chart for NYSE:PAYC

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