Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
Paycom Software, Inc. (PAYC)
Sector: Technology; Industry: Software—Application

Paycom Software, Inc. provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-15 Boelte Craig E. Chief Financial Officer Sell 8,000 $372.55 $2,980,368 No
2020-10-13 Richison Chad R. President and CEO Sell 45,000 $372.61 $16,767,588 No
2020-10-12 Richison Chad R. President and CEO Sell 90,000 $365.63 $32,906,643 No
2020-10-08 Richison Chad R. President and CEO Sell 90,000 $350.76 $31,568,387 No
2020-10-06 Richison Chad R. President and CEO Sell 90,000 $337.91 $30,411,611 No
2020-10-02 Richison Chad R. President and CEO Sell 90,000 $323.29 $29,096,130 No
2020-09-30 Richison Chad R. President and CEO Sell 45,000 $311.29 $14,008,138 No
2020-09-02 York Jeffrey D. Chief Sales Officer Sell 50,000 $305.03 $15,251,672 No
2020-08-03 Smith Bradley Scott Chief Information Officer Sell 1,000 $287.19 $287,190 No
2020-07-15 Boelte Craig E. Chief Financial Officer Sell 8,000 $293.26 $2,346,051 No
2020-07-09 Evans Jon Chief Operating Officer Sell 3,000 $316.82 $950,455 No
2020-06-12 LEVENSON ROBERT J Director Sell 82,000 $301.51 $24,724,175 No
2020-06-11 PETERS FREDERICK C II Director Sell 1,000 $311.13 $311,130 No
2020-06-08 York Jeffrey D. Chief Sales Officer Sell 50,000 $328.65 $16,432,392 No
2020-06-01 Smith Bradley Scott Chief Information Officer Sell 10,000 $304.27 $3,042,668 No
2020-05-28 LEVENSON ROBERT J Director Sell 2,777 $291.87 $810,522 No
2020-05-18 Clark Jason D. Director Sell 900 $284.51 $256,060 No
2020-05-19 Richison Chad R. President and CEO Sell 650,000 $268.00 $174,200,000 No
2020-05-18 Boelte Craig E. Chief Financial Officer Sell 10,000 $285.49 $2,854,869 No
2020-05-14 Evans Jon Chief Operating Officer Sell 3,000 $254.27 $762,808 No
2020-05-01 PETERS FREDERICK C II Director Sell 5,000 $250.78 $1,253,900 No
2020-04-15 Evans Jon Chief Operating Officer Sell 3,000 $230.38 $691,132 No
2020-04-14 Boelte Craig E. Chief Financial Officer Sell 8,000 $225.96 $1,807,688 No
2019-11-06 York Jeffrey D. Chief Sales Officer Sell 25,000 $212.78 $5,319,545 No
2019-08-14 York Jeffrey D. Chief Sales Officer Sell 25,000 $232.84 $5,821,009 No
2019-07-09 Evans Jon Chief Operating Officer Sell 2,100 $240.47 $504,994 No
2019-06-03 Smith Bradley Scott Chief Information Officer Sell 2,600 $200.95 $522,473 No
2019-05-15 York Jeffrey D. Chief Sales Officer Sell 25,000 $204.37 $5,109,272 No
2019-05-13 Evans Jon Chief Operating Officer Sell 2,047 $200.30 $410,021 No
2019-04-16 Evans Jon Chief Operating Officer Sell 2,373 $191.27 $453,891 No

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