Sienna Gestion Makes New $4.52 Million Investment in Paycom Software, Inc. $PAYC

Key Points

• Sienna Gestion established a new stake of 23,792 shares in Paycom during Q3, worth about $4.52 million.
• Paycom slightly beat quarterly EPS expectations ($2.45 vs. $2.44) and reported revenue of $544.3M, up 10.2% year‑over‑year, and the company announced a quarterly dividend of $0.375 (annualized $1.50, yield 1.1%, ex‑dividend Mar 9).
• The stock carries a market cap of $7.5 billion and a P/E of 17.07; analysts' consensus is an average "Hold" with a $170.71 target, and institutional ownership is about 87.8%.

Sienna Gestion purchased a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,792 shares of the software maker's stock, valued at approximately $4,515,000.

Other large investors have also modified their holdings of the company. Caitlin John LLC acquired a new position in shares of Paycom Software in the 3rd quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software in the 3rd quarter worth about $31,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software during the 2nd quarter worth about $33,000. Finally, Bogart Wealth LLC lifted its stake in Paycom Software by 100.0% during the third quarter. Bogart Wealth LLC now owns 200 shares of the software maker's stock valued at $42,000 after buying an additional 100 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $138.09 on Monday. The business has a 50 day simple moving average of $139.07 and a 200 day simple moving average of $172.96. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.49 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 net margin of 22.10% and a return on equity of 24.25%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.32 earnings per share. On average, analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 9th. Paycom Software's payout ratio is presently 18.54%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their target price on shares of Paycom Software from $115.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday. KeyCorp decreased their price objective on shares of Paycom Software from $250.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, February 12th. UBS Group cut their target price on shares of Paycom Software from $245.00 to $210.00 and set a "buy" rating on the stock in a research note on Monday, January 26th. BMO Capital Markets decreased their target price on Paycom Software from $175.00 to $137.00 and set a "market perform" rating for the company in a research report on Thursday, February 12th. Finally, Barclays upped their price target on Paycom Software from $140.00 to $150.00 and gave the company an "equal weight" rating in a research report on Friday. Five investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $170.71.

Insider Transactions at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.90% of the company's stock.

Paycom Software Company Profile

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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