Billionaire Paul Tudor Jones’ Biggest Moves During Final Quarter of 2015

Paul Tudor Jones and his team were also very bullish on Equifax Inc. (NYSE:EFX) during the October-to-December period, when the highly-successful hedge fund increased its stake in the company by 252,475 shares to 379,014 shares. The updated stake was valued at $42.21 million at the end of December and amassed 1.18% of the fund’s entire portfolio. The credit reporting company has seen its stock price increase by 7% over the past year despite suffering a 10% loss thus far in 2016. Equifax Inc. (NYSE:EFX) offers information solutions, employment and income verification, and human resources services. Earlier this month, analysts at Deutsche Bank upgraded their rating on the stock to ‘Buy’ from ‘Hold’ and raised their price target on it to $111 from $101, citing strong non-macro related growth drivers, and an attractive free-cash-flow price multiple, among other things. It should be mentioned that the stock trades at a forward P/E multiple of 18.61, which is above the ratio of 15.25 for the S&P 500 companies. Cliff Asness’ AQR Capital Management had 1.37 million shares of Equifax Inc. (NYSE:EFX) in its portfolio at the end of December.

The Connecticut-based hedge fund manager owns 420,200 shares of Automatic Data Processing (NASDAQ:ADP) valued at $35.60 million as of December 31, a position that was increased by 410,086 shares quarter-over-quarter. The provider of cloud-based Human Capital Management (HCM) solutions reported total revenue from continuing operations of $5.52 billion for the six months that ended December 31, up from $5.22 billion reported for the same period of the prior year. Automatic Data Processing (NASDAQ:ADP) has increased its annual dividend for 41 consecutive years, ranking it as a dividend aristocrat, and its stock has a current dividend yield of 2.5% through its annual dividend payment of $2.12 per share. The shares of ADP have lost 4% over the past year or so, but are trading in positive territory in 2016. David Harding’s Winton Capital Management cut its position in Automatic Data Processing (NASDAQ:ADP) by nearly 1.00 million shares during the fourth quarter, ending the year with only 257,281 shares.

Last but not least, Tudor Investment boosted its holding in Paycom Software Inc. (NYSE:PAYC) by 754,998 shares during the December quarter, to 797,648 shares. The upped position was worth $30.02 million at the end of 2015. Paycom Software is yet another provider of cloud-based human capital management software. It appears that Mr. Jones is very bullish on the camp of companies providing HCM-related services, and rightly so; analysts and experts believe that almost every aspect of human capital management, which is a more complex form of human resources, could be bolstered by technology. Given that there are numerous companies offering HCM-related software and services, one could also bet on future industry consolidation. Paycom Software Inc. (NYSE:PAYC)’s 2015 revenue reached $224.7 million, which marked an increase of 49% year-over-year. Its non-GAAP net income increased to $23.4 million, or $0.40 per diluted share, from $9.6 million, or $0.19 per diluted share, in 2014. Ken Griffin’s Citadel Advisors LLC reported owning 538,642 shares of Paycom Software Inc. (NYSE:PAYC) through the latest round of 13Fs.

Disclosure: None