Pictet Asset Management Holding SA Trims Stake in Paycom Software, Inc. $PAYC

Pictet Asset Management Holding SA reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 64.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,070 shares of the software maker’s stock after selling 14,895 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Paycom Software were worth $981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PAYC. Mackenzie Financial Corp increased its position in Paycom Software by 4.0% in the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after buying an additional 63 shares in the last quarter. Davis Investment Partners LLC lifted its position in shares of Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after buying an additional 68 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in shares of Paycom Software by 0.8% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after buying an additional 86 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Paycom Software by 1.4% during the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock valued at $1,081,000 after buying an additional 87 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Paycom Software by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock valued at $652,000 after acquiring an additional 88 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BMO Capital Markets lifted their price target on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. Finally, Mizuho lifted their target price on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Paycom Software has an average rating of “Hold” and a consensus target price of $159.25.

Paycom Software Trading Up 2.5%

PAYC stock opened at $143.39 on Wednesday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.19 and a beta of 0.80. The business has a 50 day simple moving average of $133.67 and a two-hundred day simple moving average of $134.60.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Paycom Software 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.