North Star Asset Management Inc. Acquires Shares of 55,314 Paycom Software, Inc. $PAYC

North Star Asset Management Inc. acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 55,314 shares of the software maker’s stock, valued at approximately $6,952,000.

Several other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Paycom Software during the second quarter valued at approximately $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software in the second quarter worth approximately $33,000. Brown Brothers Harriman & Co. raised its holdings in shares of Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the period. Palisade Asset Management LLC bought a new stake in shares of Paycom Software during the 3rd quarter worth approximately $33,000. Finally, Clearstead Advisors LLC boosted its holdings in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 2.5%

Shares of NYSE PAYC opened at $238.07 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $10.73 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $239.92. The business has a fifty day moving average price of $168.95 and a 200 day moving average price of $142.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. Equities research analysts expect that Paycom Software, Inc. will post 10.48 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s payout ratio is presently 15.94%.

Analysts Set New Price Targets

PAYC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. TD Cowen upped their price target on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays raised their price target on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. KeyCorp lifted their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, UBS Group boosted their price objective on shares of Paycom Software from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $208.08.

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.