Paycom Software, Inc. (PAYC) Files Form 4 Insider Selling : William X. Iii Kerber Sells 65,000 Shares

Paycom Software, Inc. (PAYC): William X. Iii Kerber , Chief Information Officer of Paycom Software, Inc. sold 65,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $40.04 per share for a total value of $2,602,665.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, Stacey M Pezold (COO) purchased 750 shares at $34.29 per share price.On Nov 20, 2015, Craig E. Boelte (Chief Financial Officer) sold 40,000 shares at $41.75 per share price.Also, On Nov 20, 2015, Jeffrey D. York (Chief Sales Officer) sold 120,000 shares at $41.75 per share price.On Nov 20, 2015, Chad R. Richison (President and CEO) sold 1,000,000 shares at $41.75 per share price.

Shares of Paycom Software Inc (PAYC) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.63 points or -1.55% at $40.11 with 6,09,368 shares getting traded. Post opening the session at $40.73, the shares hit an intraday low of $39.83 and an intraday high of $41.25 and the price vacillated in this range throughout the day. The company has a market cap of $2,403,632 M and the number of outstanding shares has been calculated to be 59,92,60,00,000 shares. The 52-week high of Paycom Software Inc is $46.35 and the 52-week low is $22.42.

Paycom Software Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Paycom Software Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $34 .The Rating was issued on May 4, 2016.Paycom Software Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $44 .The Rating was issued on May 4, 2016.Paycom Software Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $35 .The Rating was issued on May 2, 2016.

Paycom Software Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Company’s solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. Talent acquisition includes applicant tracking candidate tracker background checks on-boarding e-verify and tax credit services. Time and labor management includes time and attendance scheduling/schedule exchange time-off requests labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management Paycom pay expense management and garnishment management. Talent management includes employee self-service compensation budgeting performance management executive dashboard and Paycom learning. Human resources management includes document and task management government and compliance benefits administration COBRA administration personnel action forms surveys and ACA dashboard.

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