Baader Bank Aktiengesellschaft Acquires 16,357 Shares of Paycom Software, Inc. $PAYC

Baader Bank Aktiengesellschaft increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 37.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,390 shares of the software maker’s stock after purchasing an additional 16,357 shares during the period. Paycom Software makes up approximately 0.8% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 18th biggest holding. Baader Bank Aktiengesellschaft owned approximately 0.10% of Paycom Software worth $12,570,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Paycom Software by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock worth $1,301,294,000 after buying an additional 165,647 shares during the last quarter. State Street Corp increased its stake in Paycom Software by 8.4% in the second quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after acquiring an additional 162,477 shares during the last quarter. Baillie Gifford & Co. increased its stake in Paycom Software by 10.3% in the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after acquiring an additional 158,967 shares during the last quarter. Geode Capital Management LLC raised its position in Paycom Software by 5.3% during the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock valued at $383,265,000 after purchasing an additional 83,154 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Paycom Software by 17.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock worth $146,636,000 after purchasing an additional 96,138 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the transaction, the chief financial officer 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.90% of the company’s stock.

Paycom Software Trading Down 3.6%

Paycom Software stock opened at $124.79 on Wednesday. The firm has a market cap of $7.02 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.36 and a beta of 0.79. Paycom Software, Inc. has a 1-year low of $122.61 and a 1-year high of $267.76. The firm has a 50-day moving average of $152.86 and a 200-day moving average of $185.79.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PAYC shares. BTIG Research began coverage on Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price objective on the stock. Mizuho reduced their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. TD Cowen decreased their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. Finally, KeyCorp reduced their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus target price of $202.86.

About Paycom Software

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.