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Ken GriffinReduced
Citadel Advisors · Q2 2026
$4.87M
38.76K shares · 0.0% of portfolio
Paycom Software, Inc.
Paycom Software, Inc. (PAYC) is listed on NYSE and classified in Software - Application, part of the Technology sector. It is headquartered in Oklahoma City, United States and has 5,770 employees. The company is worth $12.29B and trades at 28.8x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $2.05B in fiscal 2025, up 8.9% from the year before. Net income was $453.4M. The share price is within 3% of its 52-week high. It pays a dividend yielding 0.55%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $176.07M. In that quarter, 2 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -42.5% over 5Y.
today you would have $471.96▼ -52.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 12 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $159.36 | $204.97 | $206.72 | $310.31 | $415.19 | $452.25 | $264.76 | $122.45 | $80.33 | $45.49 | $37.63 | $26.33 | |
| P/E | 52.3x | 19.7x | 23.0x | 35.2x | 64.1x | 123.2x | 183.8x | 85.7x | 52.3x | 38.3x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.6% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 52.3 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| IONQIonQ, Inc. | $31.16 | — | 3.6x | 0.00% | -60.48% | $12.62B |
| NXTNextpower Inc. | $77.63 | 20.1x | 4.6x | 0.00% | 27.22% | $11.93B |
| BSYBentley Systems Inc | $39.41 | 43.3x | 10.2x | 0.71% | 24.52% | $11.91B |
| FIGFigma, Inc. | $24.10 |
| 38.2x |
| 104.5x |
| 239.4x |
| P/S | 10.4x | 4.2x | 6.2x | 7.0x | 13.6x | 23.7x | 32.3x | 21.1x | 12.7x | 11.0x | 8.2x | 9.9x | 9.4x |
| P/B | 18.0x | 5.0x | 7.4x | 9.1x | 15.8x | 28.0x | 41.5x | 29.6x | 21.4x | 16.9x | 13.2x | 22.6x | 19.1x |
| EPS | $8.08 | $8.92 | $5.88 | $4.84 | $3.37 | $2.46 | $3.09 | $2.34 | $2.10 | $1.19 | $0.36 | $0.11 |
| Dividend yield | 0.73% | 0.94% | 0.73% | 0.54% | — | — | — | — | — | — | — | — | — |
| Payout | 18.56% | 18.56% | 16.82% | 19.13% | — | — | — | — | — | — | — | — | — |
| Profit margin | 20.93% | 22.10% | 26.66% | 20.12% | 20.46% | 18.57% | 17.05% | 24.48% | 24.20% | 28.52% | 21.40% | 9.32% | 3.75% |
| ROE | 26.17% | 26.19% | 31.85% | 26.16% | 23.80% | 21.93% | 21.88% | 34.29% | 40.95% | 43.91% | 34.24% | 21.30% | 7.64% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-10.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 8.7x |
| 0.00% |
| -108.64% |
| $12.85B |
| SMTCSemtech Corp | $125.12 | 82.9x | 15.6x | 0.00% | 23.66% | $11.68B |
| GRABGrab Holdings Ltd | $2.85 | 25.9x | 1.7x | 0.00% | 7.74% | $11.66B |
