Insider Selling: Paycom Software, Inc. (NYSE:PAYC) EVP Sells 151 Shares of Stock

Paycom Software, Inc. (NYSE:PAYC – Get Rating) EVP Justin Devon Long sold 151 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $275.23, for a total value of $41,559.73. Following the transaction, the executive vice president now owns 2,956 shares in the company, valued at approximately $813,579.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE PAYC opened at $288.56 on Friday. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 75.15, a P/E/G ratio of 2.48 and a beta of 1.54. Paycom Software, Inc. has a 52 week low of $259.95 and a 52 week high of $558.97. The business has a 50 day moving average price of $317.81 and a 200-day moving average price of $369.63. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.03.

Paycom Software (NYSE:PAYC – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. The firm had revenue of $353.52 million during the quarter, compared to the consensus estimate of $343.20 million. Paycom Software had a return on equity of 25.12% and a net margin of 19.64%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. On average, equities research analysts anticipate that Paycom Software, Inc. will post 4.3 earnings per share for the current year.

Several large investors have recently made changes to their positions in PAYC. Morgan Stanley lifted its position in shares of Paycom Software by 17.9% during the 2nd quarter. Morgan Stanley now owns 155,018 shares of the software maker’s stock valued at $56,344,000 after buying an additional 23,571 shares during the last quarter. Moors & Cabot Inc. bought a new position in Paycom Software in the 3rd quarter worth about $25,000. Mackenzie Financial Corp increased its position in shares of Paycom Software by 24.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,181 shares of the software maker’s stock valued at $1,577,000 after purchasing an additional 619 shares during the last quarter. JustInvest LLC increased its position in shares of Paycom Software by 18.6% during the 3rd quarter. JustInvest LLC now owns 1,006 shares of the software maker’s stock valued at $499,000 after purchasing an additional 158 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Paycom Software by 5.3% during the 3rd quarter. Commerce Bank now owns 3,118 shares of the software maker’s stock valued at $1,546,000 after acquiring an additional 157 shares during the period. 87.12% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on PAYC. TheStreet cut Paycom Software from a “b-” rating to a “c+” rating in a research report on Monday, May 2nd. Needham & Company LLC decreased their price target on Paycom Software from $640.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, February 9th. Mizuho raised their price target on Paycom Software from $325.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 9th. Oppenheimer reduced their price objective on Paycom Software from $415.00 to $350.00 in a research note on Wednesday, May 4th. Finally, Barclays reduced their price objective on Paycom Software from $380.00 to $328.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Buy” and an average target price of $396.29.

Paycom Software Company Profile (Get Rating)

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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