Monday, March 05, 2018 10:15 PM ET
Significant Insider Sales Reported in Shares of Paycom Software (PAYC) Extending the Trend of Last Quarter
A substantial level of insider sales in Paycom Software was revealed in form 4 documents filed with the SEC today. Two insiders — Robert J Levenson, Director, and Craig E Boelte, Officer — disposed of 14,246 shares in the company having a market value of approximately $1,411,869. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 32,754 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 47,000 shares and have averaged 11,750 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Paycom Software is above its 64-company peer group average. The Enterprise Software peer group saw 160 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares traded per transaction by Paycom Software insiders is lower than its peers. Within the peer group there were 551,162 shares purchased and 8,115,328 shares sold with company insiders selling 47,276 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to create and write this story.
Today’s Insider Activity
* Robert J Levenson, Director, sold 3,246 shares
* Craig E Boelte, Officer, sold 11,000 shares
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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