Baader Bank Aktiengesellschaft Has $11.08 Million Position in Paycom Software, Inc. $PAYC

Baader Bank Aktiengesellschaft lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 15.1% during the fourth quarter, Holdings Channel reports. The fund owned 69,512 shares of the software maker’s stock after buying an additional 9,122 shares during the quarter. Paycom Software comprises 0.8% of Baader Bank Aktiengesellschaft’s investment portfolio, making the stock its 23rd largest position. Baader Bank Aktiengesellschaft’s holdings in Paycom Software were worth $11,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after buying an additional 56 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Paycom Software by 4.0% during 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 during the last quarter. Davis Investment Partners LLC raised its holdings in Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after buying an additional 68 shares during the last quarter. Compound Planning Inc. raised its holdings in Paycom Software by 2.9% during the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after buying an additional 83 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its holdings in Paycom Software by 0.8% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock worth $2,201,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research reports. Barclays lowered their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Mizuho upped their target price on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup upped their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, BTIG Research upped their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.67.

Paycom Software Price Performance

NYSE PAYC opened at $134.90 on Thursday. The company has a market cap of $6.43 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. 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 firm’s 50-day simple moving average is $126.62 and its two-hundred day simple moving average is $144.33.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. Research analysts predict that Paycom Software, Inc. will post 8.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The company 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s dividend payout ratio is presently 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.