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Insider Trends: Paycom Software Insider Sells for Tax Adds to 90-Day Selling Trend

05/10/2021 13:11

05:03 PM EDT, 05/10/2021 (MT Newswires) -- Craig E Boelte, CFO, reported a sale of 2,234 shares of Paycom Software (PAYC) for approximately $731,814 to fulfill tax obligations on May 06, 2021. Boelte, after the transactions disclosed in the SEC Form 4 filing, owns 322,344 shares of the company, which have a market value of $106 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 14 insider transactions reported to the SEC for Paycom Software. These transactions came from the activities of 10 different insiders that resulted in a net disposition of 17,861 company shares. Relative to the preceding 90-day window of time, there were 13 transactions from 7 insiders that resulted in the net acquisition of 1,534,792 shares.

This level of insider transactions is below that of the peer group average in the 71-company Enterprise Software peer group over the last 90-day period. Activity in the peer group averaged 189.5 transactions per company, and disposition of 83,767 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1590955/000089924321018958/xslF345X03/doc4.xml

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