North Star Asset Management Inc. Invests $6.95 Million in Paycom Software, Inc. $PAYC

North Star Asset Management Inc. bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 55,314 shares of the software maker’s stock, valued at approximately $6,952,000. North Star Asset Management Inc. owned 0.12% of Paycom Software at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAYC. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the second quarter valued at $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software in the second quarter valued at about $33,000. Brown Brothers Harriman & Co. boosted its holdings in Paycom Software by 190.6% during 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 in the last quarter. Palisade Asset Management LLC purchased a new stake in Paycom Software during the third quarter worth about $33,000. Finally, Clearstead Advisors LLC boosted its holdings in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of several recent research reports. TD Cowen upped their price target on shares of Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup upped their price target on shares of Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Guggenheim increased their price objective on shares of Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald increased their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, UBS Group upped their target price on shares of Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $214.23.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $6.78 during trading hours on Thursday, reaching $243.03. The company’s stock had a trading volume of 28,490 shares, compared to its average volume of 1,278,218. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $244.98. The company’s 50 day simple moving average is $177.95 and its 200 day simple moving average is $146.04. The stock has a market cap of $10.95 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter last year, the company earned $2.06 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Insider Buying and Selling

In other Paycom Software news, insider Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total transaction of $612,295.20. Following the transaction, the insider owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.20% of the company’s stock.

Paycom Software 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.