Paycom Software Inc. (NYSE:PAYC) insider Chad R. Richison acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $40.08 per share, for a total transaction of $400,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, November 9th, Chad R. Richison acquired 9,400 shares of Paycom Software stock. The shares were bought at an average price of $41.90 per share, for a total transaction of $393,860.00.
  • On Monday, November 7th, Chad R. Richison acquired 1,150 shares of Paycom Software stock. The shares were bought at an average price of $43.98 per share, for a total transaction of $50,577.00.
  • On Friday, November 4th, Chad R. Richison acquired 5,570 shares of Paycom Software stock. The shares were bought at an average price of $43.21 per share, for a total transaction of $240,679.70.

Paycom Software Inc. (NYSE:PAYC) opened at 43.22 on Thursday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 63.75 and a beta of 1.99. The firm’s 50-day moving average price is $47.97 and its 200-day moving average price is $46.07. Paycom Software Inc. has a 12-month low of $22.42 and a 12-month high of $52.93.

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

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

Several large investors have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC boosted its stake in Paycom Software by 2.4% in the third quarter. Grandeur Peak Global Advisors LLC now owns 114,825 shares of the company’s stock valued at $5,756,000 after buying an additional 2,700 shares during the period. Chartwell Investment Partners LLC acquired a new stake in Paycom Software during the third quarter valued at approximately $6,414,000. Eaton Vance Management boosted its stake in Paycom Software by 16.9% in the third quarter. Eaton Vance Management now owns 140,248 shares of the company’s stock valued at $7,031,000 after buying an additional 20,248 shares during the period. 1832 Asset Management L.P. acquired a new stake in Paycom Software during the third quarter valued at approximately $52,929,000. Finally, Jane Street Group LLC acquired a new stake in Paycom Software during the third quarter valued at approximately $1,078,000. 78.06% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on PAYC. JPMorgan Chase & Co. cut Paycom Software from an “overweight” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research note on Wednesday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, August 5th. TheStreet cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Jefferies Group reiterated a “hold” rating and set a $58.00 target price (up from $50.00) on shares of Paycom Software in a research note on Thursday, August 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $55.00 target price on shares of Paycom Software in a research note on Thursday, August 4th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Paycom Software currently has a consensus rating of “Buy” and an average price target of $53.92.

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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