Baader Bank Aktiengesellschaft Increases Stake in Paycom Software, Inc. $PAYC

Baader Bank Aktiengesellschaft boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 37.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,390 shares of the software maker’s stock after buying an additional 16,357 shares during the period. Paycom Software accounts for approximately 0.8% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 18th largest position. Baader Bank Aktiengesellschaft’s holdings in Paycom Software were worth $12,570,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ethic Inc. purchased a new position in Paycom Software during the 2nd quarter valued at about $566,000. Aviva PLC increased its stake in shares of Paycom Software by 65.2% during the second quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock valued at $7,897,000 after purchasing an additional 13,473 shares in the last quarter. United Asset Strategies Inc. purchased a new position in shares of Paycom Software during the second quarter valued at approximately $877,000. Dillon & Associates Inc. boosted its position in shares of Paycom Software by 10.9% in the 3rd quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock worth $14,176,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after buying an additional 482,186 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 14,747 shares in the company, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.90% of the company’s stock.

Paycom Software Stock Down 3.6%

Shares of Paycom Software stock opened at $124.79 on Wednesday. Paycom Software, Inc. has a twelve month low of $122.61 and a twelve month high of $267.76. The company’s 50 day moving average is $152.86 and its 200 day moving average is $185.79. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.36 and a beta of 0.79.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid 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 18.66%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAYC. Citigroup lowered their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Jefferies Financial Group lowered their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. TD Cowen cut their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. UBS Group reduced their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Cantor Fitzgerald dropped their target price on shares of Paycom Software from $170.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $202.86.

Paycom Software Company 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.