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

Paycom Software, Inc. (NYSE:PAYC) insider Terrell Shane Hadlock sold 241 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $237.60, for a total value of $612,295.20.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $0.53 on Monday, reaching $239.06. The company’s stock had a trading volume of 746,577 shares, compared to its average volume of 1,293,114. The company has a market capitalization 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 52-week low of $104.90 and a 52-week high of $242.50. The stock has a 50-day moving average price of $171.24 and a 200-day moving average price of $143.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.

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

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued 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 (DPR) is presently 15.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAYC shares. Guggenheim raised their price target on shares of Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen boosted their price objective on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Cantor Fitzgerald increased their price objective on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, KeyCorp lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $208.08.

Hedge Funds Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYC. Mackenzie Financial Corp grew its holdings in Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Paycom Software by 0.8% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 86 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Paycom Software by 1.4% during the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 87 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Paycom Software by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after purchasing an additional 88 shares in the last quarter. Finally, Evoke Wealth LLC increased its holdings in Paycom Software by 2.8% in the fourth quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock valued at $531,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Paycom Software

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.