Sather Financial Group Inc Has $52.03 Million Holdings in Paycom Software, Inc. $PAYC

Sather Financial Group Inc boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.1% in the third quarter, Holdings Channel.com reports. The fund owned 249,995 shares of the software maker’s stock after buying an additional 7,511 shares during the quarter. Paycom Software comprises 2.8% of Sather Financial Group Inc’s holdings, making the stock its 15th largest holding. Sather Financial Group Inc’s holdings in Paycom Software were worth $52,034,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in PAYC. Brighton Jones LLC acquired a new position in Paycom Software in the fourth quarter valued at about $638,000. Vident Advisory LLC acquired a new stake in shares of Paycom Software in the 1st quarter valued at approximately $259,000. AQR Capital Management LLC boosted its stake in Paycom Software by 23.7% during the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after acquiring an additional 3,674 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Paycom Software by 37.6% during the first quarter. Alliancebernstein L.P. now owns 82,565 shares of the software maker’s stock valued at $18,039,000 after purchasing an additional 22,572 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Paycom Software in the first quarter valued at approximately $690,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 2.4%

NYSE:PAYC opened at $156.68 on Wednesday. The stock has a 50 day simple moving average of $165.11 and a 200 day simple moving average of $200.96. Paycom Software, Inc. has a 1-year low of $151.74 and a 1-year high of $267.76. The stock has a market cap of $8.82 billion, a P/E ratio of 19.49, a PEG ratio of 1.57 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The business had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same period in the previous year, the firm posted $1.67 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s payout ratio is 18.66%.

Insiders Place Their Bets

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Guggenheim initiated coverage on shares of Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price target for the company. TD Cowen decreased their target price on Paycom Software from $258.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group decreased their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. BTIG Research initiated coverage on shares of Paycom Software in a report on Wednesday, December 17th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Barclays reduced their price target on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $221.00.

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.