Thursday, January 18, 2018 10:15 PM ET
Insider Selling at Paycom Software (PAYC) Continues with Significant Sale
One Paycom Software insider — Robert J Levenson, Director — today, disposed of 18,750 shares having a market value of approximately $1,666,676, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 11,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 29,750 shares and have averaged 14,875 shares per transaction over this time period.
Paycom Software buy-sell trading activity is close to the 64 member peer company average. The Enterprise Software peer group saw 159 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 1,391,965 shares purchased and 8,715,055 shares sold with company insiders selling 46,057 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates 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.
Using proprietary Natural Language Generation (NLG) technology, 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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