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 business’s stock in a transaction dated 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 approximately $16,668,115.20. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $240.07, for a total transaction of $57,856.87.

Paycom Software Stock Down 0.8%

Shares of NYSE:PAYC opened at $237.28 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $175.79 and a 200 day simple moving average of $145.23. The firm has a market cap of $10.69 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.78. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $243.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Paycom Software’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 currently 15.94%.

Hedge Funds Weigh In On Paycom Software

Institutional investors have recently modified their holdings of the company. Fluent Financial LLC bought a new position in Paycom Software in the 2nd quarter worth about $2,439,000. Principal Financial Group Inc. raised its holdings in shares of Paycom Software by 290.5% during the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after buying an additional 181,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Paycom Software by 1,151.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after buying an additional 157,201 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Paycom Software during the fourth quarter worth approximately $8,376,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research reports. Wall Street Zen raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group lifted their price target on shares of Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp boosted their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Barclays increased their price objective on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, BTIG Research lifted their target price on Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $214.23.

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.