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

Friday, March 09, 2018 10:15 PM ET

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

One Paycom Software insider Robert J Levenson, Director, today, disposed of 18,750 shares having a market value of approximately $2,008,307, as disclosed in a form 4 document filed with the SEC. 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 disposition of 47,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 65,750 shares and have averaged 21,917 shares per transaction over this time period.

This number of buy-sell trades at Paycom Software is near average for the 64 member peer company. The Enterprise Software peer group saw 170 buy/sell trades during this period for an average of 2.7 transactions per company. However, trading at Paycom Software represents a lower number of shares per transaction. Within the peer group there were 548,162 shares purchased and 8,316,289 shares sold with company insiders disposing of 45,695 shares on average over this time period.

The data used 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.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

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