Paycom Software, Inc. $PAYC Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 85.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,132 shares of the software maker’s stock after selling 12,886 shares during the period. J. Safra Sarasin Holding AG’s holdings in Paycom Software were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Paycom Software in the fourth quarter valued at about $638,000. AQR Capital Management LLC raised its holdings in Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after purchasing an additional 3,674 shares in the last quarter. United Services Automobile Association purchased a new position in Paycom Software during the first quarter worth about $215,000. Empowered Funds LLC lifted its position in Paycom Software by 22.8% in the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after purchasing an additional 1,480 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after purchasing an additional 2,712 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group dropped their target price on Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Mizuho decreased their price target on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. TD Cowen cut their price objective on Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reduced their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Paycom Software Trading Up 2.1%

Shares of Paycom Software stock opened at $123.37 on Friday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The stock has a market cap of $6.70 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.27 and a beta of 0.79. The company has a 50-day moving average of $127.53 and a two-hundred day moving average of $160.40.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. The business had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.32 EPS. On average, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, March 9th. Paycom Software’s payout ratio is presently 18.54%.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.