Paycom Software Inc. (NYSE:PAYC) insider Chad R. Richison acquired 9,400 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $41.90 per share, with a total value of $393,860.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 7th, Chad R. Richison purchased 1,150 shares of Paycom Software stock. The stock was acquired at an average cost of $43.98 per share, with a total value of $50,577.00.
  • On Friday, November 4th, Chad R. Richison purchased 5,570 shares of Paycom Software stock. The stock was acquired at an average cost of $43.21 per share, with a total value of $240,679.70.

Paycom Software Inc. (NYSE:PAYC) opened at 41.52 on Monday. Paycom Software Inc. has a 52-week low of $22.42 and a 52-week high of $52.93. The firm’s 50-day moving average price is $48.67 and its 200 day moving average price is $45.92. The stock has a market cap of $2.41 billion, a P/E ratio of 61.24 and a beta of 1.99.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business earned $77.30 million during 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 business’s revenue was up 39.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities analysts predict that Paycom Software Inc. will post $0.84 earnings per share for the current year.

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

Several research firms have recently commented on PAYC. Barclays PLC reissued a “buy” rating on shares of Paycom Software in a report on Sunday, July 17th. Jefferies Group reissued a “hold” rating and issued a $58.00 price target (up from $50.00) on shares of Paycom Software in a report on Thursday, August 4th. Wunderlich raised their price target on Paycom Software from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. RBC Capital Markets began coverage on Paycom Software in a report on Friday, September 30th. They issued a “sector perform” rating and a $54.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Paycom Software from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.92.

Institutional investors have recently modified their holdings of the company. Sylebra HK Co Ltd increased its position in shares of Paycom Software by 0.5% in the second quarter. Sylebra HK Co Ltd now owns 4,961,591 shares of the company’s stock valued at $214,390,000 after buying an additional 22,444 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Paycom Software by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,979,994 shares of the company’s stock valued at $128,766,000 after buying an additional 107,840 shares in the last quarter. FMR LLC increased its position in shares of Paycom Software by 112.5% in the second quarter. FMR LLC now owns 2,974,483 shares of the company’s stock valued at $128,527,000 after buying an additional 1,574,501 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Paycom Software by 116.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,394,345 shares of the company’s stock valued at $60,250,000 after buying an additional 749,138 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Paycom Software by 5.8% in the third quarter. BlackRock Fund Advisors now owns 1,187,158 shares of the company’s stock valued at $59,512,000 after buying an additional 64,871 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

About Paycom Software

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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