$Paycom Software(PAYC)$ Investment firm WCAS, Paycom (NYSE:PAYC) executive officers, and other shareholders are collectively selling 8M shares (14% of outstanding shares). The offering has been priced in a $36.00-$36.50 range, well below a Thursday close of $39.24.
Paycom has fallen to $37.34 AH. The offering comes a week after the cloud HR software jumped in response to a Q1 beat and solid guidance.