Paycom Software, Inc. (NYSE:PAYC – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.3750 per share by the software maker on Monday, December 7th. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, November 23rd.
Paycom Software has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Paycom Software to earn $12.34 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 12.2%.
Paycom Software Price Performance
Paycom Software stock opened at $265.66 on Tuesday. Paycom Software has a 12-month low of $104.90 and a 12-month high of $275.22. The stock has a market capitalization of $11.97 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.41 and a beta of 0.82. The firm’s 50-day moving average is $236.55 and its two-hundred day moving average is $164.66. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07.
Paycom Software (NYSE:PAYC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same period last year, the company earned $2.06 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts predict that Paycom Software will post 10.80 earnings per share for the current year.
Insider Transactions at Paycom Software
In other news, insider Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total transaction of $612,295.20. Following the transaction, the insider directly owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.20% of the company’s stock.
Institutional Trading of Paycom Software
Several institutional investors have recently modified their holdings of PAYC. CenterBook Partners LP purchased a new stake in shares of Paycom Software during the third quarter worth $1,433,000. Heritage Family Offices LLP acquired a new stake in Paycom Software during the third quarter valued at $77,000. Calamos Wealth Management LLC purchased a new position in Paycom Software in the third quarter valued at about $283,000. Chicago Partners Investment Group LLC grew its stake in Paycom Software by 23.9% in the third quarter. Chicago Partners Investment Group LLC now owns 7,081 shares of the software maker’s stock valued at $1,944,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new position in Paycom Software in the third quarter valued at about $48,000. Institutional investors and hedge funds own 87.77% of the company’s stock.
About Paycom Software
Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.
The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.
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