Baader Bank Boosts Stake in Paycom Software to $12.57 Million

Baader Bank Aktiengesellschaft has significantly increased its investment in Paycom Software, Inc. ($PAYC) by acquiring an additional 16,357 shares. This move brings the bank's total ownership to 60,390 shares, marking a 37.1% increase in its stake. The total holding is now valued at approximately $12.57 million, making Paycom represent 0.8% of Baader Bank's portfolio and its 18th-largest holding. This decision reflects an investment strategy to increase exposure to Paycom Software. The increased stake comes despite mixed analyst ratings for Paycom stock, with a consensus 'Hold' rating and a target price of $202.86.