Swiss National Bank Cuts Stock Position in Paycom Software, Inc. $PAYC

Swiss National Bank lessened its holdings in Paycom Software, Inc. (NYSE:PAYC) by 26.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,700 shares of the software maker’s stock after selling 34,500 shares during the quarter. Swiss National Bank’s holdings in Paycom Software were worth $11,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after purchasing an additional 8,419 shares during the period. First Trust Advisors LP grew its position in Paycom Software by 19.9% during the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after buying an additional 275,954 shares during the period. Invesco Ltd. increased its holdings in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the last quarter. Federated Hermes Inc. increased its holdings in Paycom Software by 12.7% during the fourth quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock worth $99,500,000 after buying an additional 70,208 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in Paycom Software by 29.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after acquiring an additional 138,795 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Up 5.1%

Paycom Software stock opened at $145.71 on Friday. The firm has a 50 day simple moving average of $136.71 and a 200 day simple moving average of $133.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.23 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the prior year, the business posted $2.80 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Paycom Software, Inc. will post 9.37 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. Paycom Software’s dividend payout ratio is 17.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAYC. Weiss Ratings upgraded shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. UBS Group decreased their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Mizuho boosted their target price on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup upped their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

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.