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Bradley Scott Smith, the Chief Information Officer of Paycom Software (ETR:SOWGn), Inc. (NYSE:PAYC), a $13.79 billion market cap company that has delivered an impressive 73.82% return over the past year, executed a series of stock sales on June 12, 2025, according to a recent SEC filing. Smith sold a total of 1,500 shares of Paycom’s common stock, generating proceeds of approximately $374,938. The shares were sold at prices ranging from $246.92 to $253.61 per share. According to InvestingPro analysis, Paycom maintains impressive gross profit margins of 85.89% and holds more cash than debt on its balance sheet.
The transactions were conducted under a Rule 10b5-1 trading plan adopted by the Bradley Scott Smith Revocable Trust on December 12, 2024. Following these sales, Smith holds 27,233 shares directly through the trust. Additionally, his holdings include 13,294 unvested restricted stock units and 26,000 unvested shares of restricted stock.
These sales are part of a pre-arranged trading plan, allowing Smith to diversify his holdings while maintaining compliance with insider trading regulations.
In other recent news, Paycom Software has reported a significant financial performance, exceeding revenue and EBITDA expectations for the first quarter of 2025. The company surpassed revenue forecasts by $5.5 million and margin estimates by $15.7 million. Stifel analysts noted a 10% year-over-year rise in adjusted EBITDA and an 180 basis point improvement in margins, highlighting Paycom’s disciplined approach to operating expenses. Following these results, several analyst firms have adjusted their price targets for Paycom. KeyBanc Capital Markets raised its price target to $285, expressing optimism in Paycom’s strategic improvements and market position. TD Cowen increased their target to $250, citing confidence in meeting fiscal year 2025 guidance. Piper Sandler also raised their target to $246, acknowledging the company’s robust performance but maintaining a Neutral rating. Meanwhile, Stifel adjusted their target to $215, while expressing caution due to inconsistent growth indicators and client retention concerns. These developments reflect Paycom’s ongoing efforts to enhance its financial metrics and growth strategies.
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