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

Key Points

• J. Safra Sarasin Holding AG reduced its Paycom stake by 85.8% in Q4, selling 12,886 shares and leaving 2,132 shares worth about $340,000, while institutional investors own roughly 87.77% of the company.
• Paycom beat Q results modestly with $2.45 EPS versus $2.44 expected and reported $544.3M revenue (up 10.2% year-over-year), posting a 22.1% net margin and 24.25% ROE.
• The stock opened at $123.37, has a $6.7B market cap and a P/E of 15.25, pays a $0.375 quarterly dividend (1.2% yield), and carries a consensus analyst rating of "Hold" with a $170.71 average price target.

J. Safra Sarasin Holding AG lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 85.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,132 shares of the software maker's stock after selling 12,886 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Paycom Software were worth $340,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. True Wealth Design LLC grew its position in shares of 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 buying an additional 142 shares during the last quarter. Caitlin John LLC purchased a new stake in Paycom Software in the third quarter valued at $29,000. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the second quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Paycom Software in the third quarter valued at $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at $33,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $123.37 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.27 and a beta of 0.79. The company has a 50-day simple moving average of $127.53 and a 200-day simple moving average of $160.40.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.01. The firm 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 business's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $2.32 earnings per share. As a group, research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 9th. Paycom Software's dividend payout ratio (DPR) is 18.54%.

Analysts Set New Price Targets

A number of research firms have recently commented on PAYC. Mizuho cut their target price on Paycom Software from $180.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, February 12th. Barclays upped their target price on Paycom Software from $140.00 to $150.00 and gave the company an "equal weight" rating in a research report on Friday, March 6th. Zacks Research raised Paycom Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 18th. Cantor Fitzgerald boosted their price objective on Paycom Software from $115.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Finally, Guggenheim decreased their price objective on Paycom Software from $210.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus price target of $170.71.

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.

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