Insider Selling: Paycom Software, Inc. (NYSE:PAYC) Insider Sells 40,000 Shares of Stock
Paycom Software, Inc. (NYSE:PAYC) insider Jeffrey D. York sold 40,000 shares of Paycom Software stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $66.93, for a total value of $2,677,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jeffrey D. York also recently made the following trade(s):
- On Monday, April 17th, Jeffrey D. York sold 40,000 shares of Paycom Software stock. The shares were sold at an average price of $58.01, for a total value of $2,320,400.00.
Paycom Software, Inc. (NYSE PAYC) traded up 0.13% during trading on Friday, hitting $69.48. The stock had a trading volume of 568,571 shares. Paycom Software, Inc. has a 52-week low of $39.15 and a 52-week high of $73.61. The firm has a market cap of $4.03 billion, a P/E ratio of 75.77 and a beta of 1.75. The company has a 50-day moving average of $69.35 and a 200 day moving average of $60.49.
Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Paycom Software had a return on equity of 36.71% and a net margin of 14.28%. The business had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. On average, equities research analysts predict that Paycom Software, Inc. will post $1.15 earnings per share for the current fiscal year.
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Several research analysts have weighed in on the company. Zacks Investment Research raised Paycom Software from a “sell” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, April 11th. TheStreet raised Paycom Software from a “c” rating to a “b+” rating in a research report on Monday, April 17th. UBS AG restated a “buy” rating on shares of Paycom Software in a research note on Wednesday, May 3rd. Wunderlich boosted their target price on Paycom Software from $62.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus boosted their target price on Paycom Software from $55.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.36.
Several hedge funds and other institutional investors have recently made changes to their positions in PAYC. Boston Advisors LLC raised its position in shares of Paycom Software by 40.1% in the first quarter. Boston Advisors LLC now owns 18,125 shares of the software maker’s stock valued at $1,042,000 after buying an additional 5,192 shares during the period. Capital Impact Advisors LLC raised its position in shares of Paycom Software by 45.1% in the first quarter. Capital Impact Advisors LLC now owns 34,690 shares of the software maker’s stock valued at $1,995,000 after buying an additional 10,784 shares during the period. Macquarie Group Ltd. raised its position in shares of Paycom Software by 24.2% in the fourth quarter. Macquarie Group Ltd. now owns 754,221 shares of the software maker’s stock valued at $34,310,000 after buying an additional 147,038 shares during the period. Teachers Advisors LLC raised its position in shares of Paycom Software by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 72,465 shares of the software maker’s stock valued at $3,296,000 after buying an additional 1,511 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Paycom Software by 220.1% in the fourth quarter. Quadrature Capital Ltd now owns 44,491 shares of the software maker’s stock worth $2,024,000 after buying an additional 30,591 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.
About Paycom Software
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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