Baader Bank Aktiengesellschaft Has $10.19 Million Stake in Paycom Software, Inc. $PAYC

Baader Bank Aktiengesellschaft lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 335.4% during the second quarter, Holdings Channel reports. The fund owned 44,033 shares of the software maker’s stock after buying an additional 33,919 shares during the quarter. Paycom Software comprises 0.7% of Baader Bank Aktiengesellschaft’s investment portfolio, making the stock its 25th largest position. Baader Bank Aktiengesellschaft’s holdings in Paycom Software were worth $10,186,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Sylebra Capital LLC lifted its stake in shares of Paycom Software by 63.8% in the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock valued at $658,996,000 after buying an additional 1,252,617 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Paycom Software by 1,918.4% during the first quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock worth $346,180,000 after buying an additional 1,505,990 shares during the last quarter. Invesco Ltd. increased its holdings in Paycom Software by 5.0% during the first quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker’s stock worth $269,398,000 after buying an additional 58,176 shares during the last quarter. Northern Trust Corp increased its holdings in Paycom Software by 2.3% during the first quarter. Northern Trust Corp now owns 740,385 shares of the software maker’s stock worth $161,759,000 after buying an additional 16,369 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Paycom Software by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,626 shares of the software maker’s stock worth $138,435,000 after purchasing an additional 69,884 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

NYSE PAYC opened at $214.82 on Thursday. Paycom Software, Inc. has a one year low of $158.03 and a one year high of $267.76. The company has a market cap of $12.43 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.35 and a beta of 0.81. The business has a fifty day moving average price of $226.01 and a 200 day moving average price of $229.50.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.28. The business had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. As a group, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

Insider Activity

In other news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the transaction, the insider owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.90% of the company’s stock.

Analyst Ratings Changes

PAYC has been the subject of several recent research reports. KeyCorp lifted their target price on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Cantor Fitzgerald upgraded shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. BMO Capital Markets lifted their price target on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. UBS Group decreased their target price on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays lifted their target price on shares of Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $238.58.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.