Paycom Software, Inc. (NYSE:PAYC – Get Free Report) insider Terrell Shane Hadlock sold 241 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the sale, the insider owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. This represents a 0.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Terrell Shane Hadlock also recently made the following trade(s):
- On Thursday, August 27th, Terrell Shane Hadlock sold 2,577 shares of Paycom Software stock. The stock was sold at an average price of $237.60, for a total transaction of $612,295.20.
Paycom Software Stock Up 0.2%
Paycom Software stock traded up $0.53 during mid-day trading on Monday, reaching $239.06. 746,577 shares of the company were exchanged, compared to its average volume of 1,293,114. The business has a fifty day moving average of $171.24 and a 200 day moving average of $143.59. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $10.77 billion, a P/E ratio of 25.40, a PEG 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.
Paycom Software Dividend Announcement
The company also recently declared 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 dividend 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 Ratings Changes
PAYC has been the subject of several recent analyst reports. KeyCorp boosted their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. UBS Group upped their price target on Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Finally, BMO Capital Markets increased their price objective on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average target price of $208.08.
Read Our Latest Analysis on Paycom Software
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PAYC. Fluent Financial LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth approximately $2,439,000. Principal Financial Group Inc. lifted its stake in shares of Paycom Software by 290.5% in the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after purchasing an additional 181,346 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Paycom Software by 1,151.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after purchasing an additional 157,201 shares during the period. Janus Henderson Group PLC boosted its holdings in Paycom Software by 467.2% during the first quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock worth $2,819,000 after buying an additional 19,110 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Paycom Software during the fourth quarter worth $8,376,000. 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.
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