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

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 boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 335.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,033 shares of the software maker's stock after acquiring an additional 33,919 shares during the period. Paycom Software accounts for 0.7% of Baader Bank Aktiengesellschaft's investment portfolio, making the stock its 25th biggest holding. Baader Bank Aktiengesellschaft owned approximately 0.08% of Paycom Software worth $10,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Sylebra Capital LLC raised its position in shares of Paycom Software by 63.8% during 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 during the last quarter. Baillie Gifford & Co. boosted its stake 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 in the last quarter. Invesco Ltd. increased its stake in Paycom Software by 5.0% in the first quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker's stock valued at $269,398,000 after acquiring an additional 58,176 shares during the period. Northern Trust Corp increased its stake in Paycom Software by 2.3% in the first quarter. Northern Trust Corp now owns 740,385 shares of the software maker's stock valued at $161,759,000 after acquiring an additional 16,369 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Paycom Software by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,626 shares of the software maker's stock valued at $138,435,000 after acquiring an additional 69,884 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $215.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. BMO Capital Markets upped their price objective 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. Cantor Fitzgerald raised shares of Paycom Software to a "hold" rating in a research note on Thursday, September 11th. KeyCorp upped their price objective 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. Finally, UBS Group decreased their price objective 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. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, Paycom Software currently has an average rating of "Hold" and an average price target of $238.58.

Paycom Software Stock Up 0.7%

Shares of PAYC stock opened at $214.82 on Thursday. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.35 and a beta of 0.81. Paycom Software, Inc. has a 12-month low of $158.03 and a 12-month high of $267.76. The firm has a fifty day moving average of $226.01 and a 200-day moving average of $229.50.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. During the same quarter last year, the firm earned $1.62 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

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

Insider Buying and Selling

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 shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider directly owned 24,533 shares of the company's stock, valued at $5,477,482.91. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently owned by corporate insiders.

About Paycom Software

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.

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