Bank Julius Baer & Co. Ltd Zurich Decreases Stake in Paycom Software, Inc. $PAYC

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 44.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,615 shares of the software maker’s stock after selling 5,251 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Paycom Software were worth $1,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC raised 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 purchasing an additional 142 shares during the last quarter. Caitlin John LLC purchased a new position in shares of Paycom Software in the 3rd quarter valued at approximately $29,000. CYBER HORNET ETFs LLC purchased a new position in Paycom Software during the 2nd quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new position in Paycom Software during the 2nd quarter worth approximately $33,000. Finally, Palisade Asset Management LLC purchased a new position in Paycom Software during the 3rd quarter worth approximately $33,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAYC. TD Cowen raised their price target on shares of Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Barclays dropped their price target on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. KeyCorp dropped their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Guggenheim lowered their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Stock Up 2.0%

NYSE PAYC opened at $136.28 on Friday. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $126.69 and its 200-day simple moving average is $143.81. The firm has a market cap of $6.49 billion, a PE ratio of 15.75, a P/E/G ratio of 1.24 and a beta of 0.77.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 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 business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the previous year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Paycom Software, Inc. will post 8.7 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s payout ratio is currently 17.34%.

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.