Baillie Gifford & Co. Sells 69,768 Shares of Paycom Software, Inc. $PAYC

Key Points

• Baillie Gifford & Co. trimmed its position in Paycom by 4.1%, selling 69,768 shares in Q4 and now holds 1,638,894 shares (about 2.91%) valued at roughly $261.17 million.
• Analysts have a consensus rating of Hold on PAYC with an average price target of $170.71, reflecting mixed revisions as some firms raised targets while others lowered them.
• Paycom slightly beat quarterly EPS expectations ($2.45 vs. $2.44), reported revenue up 10.2% to $544.3M, trades at a PE of 14.04 with a $5.42B market cap, and pays a $0.375 quarterly dividend (≈1.3% yield).

Baillie Gifford & Co. lessened its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,638,894 shares of the software maker's stock after selling 69,768 shares during the period. Baillie Gifford & Co. owned 2.91% of Paycom Software worth $261,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the 2nd quarter valued at $29,000. Caitlin John LLC bought a new stake in Paycom Software in the 3rd quarter valued at $29,000. MUFG Securities EMEA plc bought a new stake in Paycom Software in the 2nd quarter valued at $33,000. Steigerwald Gordon & Koch Inc. bought a new stake in Paycom Software in the 3rd quarter valued at $31,000. Finally, True Wealth Design LLC raised its stake in Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker's stock valued at $25,000 after acquiring an additional 142 shares during the period. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

PAYC has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price target on Paycom Software from $115.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Zacks Research raised Paycom Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 18th. BTIG Research decreased their price objective on Paycom Software from $195.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Guggenheim decreased their price objective on Paycom Software from $210.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Finally, Jefferies Financial Group decreased their price objective on Paycom Software from $190.00 to $130.00 and set a "hold" rating on the stock in a report on Thursday, February 12th. Five research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $170.71.

Paycom Software Trading Up 0.0%

Paycom Software stock opened at $113.61 on Monday. The company has a market capitalization of $5.42 billion, a PE ratio of 14.04, a P/E/G ratio of 1.20 and a beta of 0.79. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $267.76. The stock has a 50-day moving average price of $124.86 and a two-hundred day moving average price of $155.47.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The firm had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. During the same period last year, the company earned $2.32 earnings per share. The business's quarterly revenue was up 10.2% on a year-over-year basis. As a group, analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. 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.

Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software, Inc. (NYSE:PAYC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.