Significant Insider Selling in Shares of Paycom Software (PAYC) Continues

Wednesday, September 06, 2017 10:15 PM ET

Significant Insider Selling in Shares of Paycom Software (PAYC) Continues

There was a notable sale of shares of Paycom Software by an insider today, as indicated in a form 4 document filed with the SEC. One insider — William X Kerber III, Officer — sold 20,100 shares in the company having a market value of approximately $1,508,533. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 80,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 100,100 shares and have averaged 33,367 shares per transaction over this time period.

The level of buy-sell trades at Paycom Software is close to that of the 62 member peer company average. The Enterprise Software peer group saw 158 buy/sell trades during this period for an average of 2.5 transactions per company. However, trading at Paycom Software represents a lower number of shares per transaction. Within the peer group there were 1,047,321 shares purchased and 6,555,966 shares sold with company insiders having sold 34,865 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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