Paycom Software, Inc. $PAYC Shares Acquired by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Paycom Software by 335.4%, holding approximately $10.19 million in shares as of the most recent reporting period.
• Several institutional investors, including Sylebra Capital LLC and Baillie Gifford & Co., have also significantly increased their holdings in Paycom Software, with institutional ownership reaching 87.77%.
• Analysts have mixed ratings on Paycom Software, with price targets ranging from $215 to $290, and an average rating of "Hold."

Baader Bank Aktiengesellschaft raised its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 335.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,033 shares of the software maker's stock after acquiring an additional 33,919 shares during the quarter. Paycom Software accounts for about 0.7% of Baader Bank Aktiengesellschaft's holdings, making the stock its 25th biggest position. Baader Bank Aktiengesellschaft owned about 0.08% of Paycom Software worth $10,186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAYC. Brooklyn Investment Group increased its position in shares of Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock valued at $52,000 after buying an additional 39 shares in the last quarter. Commerce Bank increased its position in shares of Paycom Software by 2.2% in the first quarter. Commerce Bank now owns 2,351 shares of the software maker's stock valued at $514,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP increased its position in shares of Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker's stock valued at $105,000 after buying an additional 53 shares in the last quarter. US Bancorp DE increased its position in shares of Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker's stock valued at $2,277,000 after buying an additional 57 shares in the last quarter. Finally, Salvus Wealth Management LLC increased its position in shares of Paycom Software by 4.9% in the first quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock valued at $270,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research analyst reports. KeyCorp raised their price target on Paycom Software from $285.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. TD Cowen upgraded Paycom Software from a "hold" rating to a "buy" rating and raised their price target for the company from $246.00 to $258.00 in a research report on Monday. UBS Group dropped their price target on Paycom Software from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald upgraded Paycom Software to a "hold" rating in a research report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $239.42.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the firm's 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 sale, the insider directly owned 24,533 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.90% of the company's stock.

Paycom Software Price Performance

NYSE:PAYC traded up $3.48 during mid-day trading on Monday, reaching $220.08. The company's stock had a trading volume of 753,665 shares, compared to its average volume of 606,669. The company's fifty day simple moving average is $225.64 and its two-hundred day simple moving average is $229.78. Paycom Software, Inc. has a twelve month low of $158.03 and a twelve month high of $267.76. The stock has a market cap of $12.74 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.38 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly 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. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The firm had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. During the same period last year, the company earned $1.62 EPS. The firm's quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

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.