Terrell Shane Hadlock Sells 2,577 Shares of Paycom Software (NYSE:PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 2,577 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares in the company, valued at $16,668,115.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Terrell Shane Hadlock also recently made the following trade(s):

• On Friday, August 28th, Terrell Shane Hadlock sold 241 shares of Paycom Software stock. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87.

Paycom Software Stock Up 0.2%

PAYC stock traded up $0.53 during trading hours on Monday, hitting $239.06. The company’s stock had a trading volume of 741,648 shares, compared to its average volume of 1,293,114. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $10.77 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $242.50. The stock has a 50 day moving average price of $171.24 and a two-hundred day moving average price of $143.59.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 EPS. On average, equities research analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio is presently 15.94%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Wall Street Zen raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Saturday. Guggenheim boosted their target price on Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BMO Capital Markets increased their price target on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Finally, Mizuho lifted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $208.08.

Institutional Trading of Paycom Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in Paycom Software by 9,363.4% during the second quarter. California State Teachers Retirement System now owns 5,681,993 shares of the software maker’s stock worth $714,113,000 after acquiring an additional 5,621,951 shares during the period. BlackRock Inc. bought a new stake in Paycom Software in the 2nd quarter valued at $632,460,000. Reinhart Partners LLC. grew its position in Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Paycom Software during the 4th quarter worth about $60,333,000. Finally, Two Sigma Investments LP raised its position in shares of Paycom Software by 228.7% during the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.