Paycom Software (NYSE:PAYC) Insider Terrell Shane Hadlock Sells 241 Shares

Paycom Software, Inc. (NYSE:PAYCGet Free Report) insider Shane Hadlock sold 241 shares of the stock in a transaction on 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 directly owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, August 27th, Shane Hadlock sold 2,577 shares of Paycom Software stock. The shares were sold at an average price of $237.60, for a total value of $612,295.20.

Paycom Software Stock Up 3.0%

PAYC stock traded up $7.17 during midday trading on Thursday, hitting $243.42. The stock had a trading volume of 28,490 shares, compared to its average volume of 1,278,218. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. 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, Inc. has a 52-week low of $104.90 and a 52-week high of $244.98. The business has a 50-day moving average of $177.95 and a two-hundred day moving average of $146.04.

Paycom Software (NYSE:PAYCGet Free Report) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $513.12 million. During the same period last year, the business posted $2.06 earnings per share. Paycom Software’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts forecast that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PAYC shares. BMO Capital Markets raised their price target on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Cantor Fitzgerald raised their price target on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. BTIG Research upped their price target on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Guggenheim lifted their price target on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $214.23.

Get Our Latest Research Report on Paycom Software

Institutional Trading of Paycom Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after purchasing an additional 101 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the 2nd quarter valued at about $29,000. Caitlin John LLC acquired a new stake in Paycom Software during the 2nd quarter worth approximately $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Paycom Software during the second quarter worth $33,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

About Paycom Software

(Get Free Report)

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.

Further Reading

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