North Star Asset Management Inc. Purchases 12,108 Shares of Paycom Software, Inc. $PAYC

North Star Asset Management Inc. increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,867 shares of the software maker’s stock after purchasing an additional 12,108 shares during the period. North Star Asset Management Inc.’s holdings in Paycom Software were worth $10,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its position in shares of Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after purchasing an additional 56 shares during the period. Mackenzie Financial Corp increased its position in shares of Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after purchasing an additional 63 shares during the period. Davis Investment Partners LLC increased its position in shares of Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after purchasing an additional 68 shares during the period. Compound Planning Inc. increased its position in shares of Paycom Software by 2.9% during the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after purchasing an additional 83 shares during the period. Finally, Boyd Watterson Asset Management LLC OH increased its position in shares of Paycom Software by 0.8% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock valued at $2,201,000 after purchasing an additional 84 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $137.79 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The business’s fifty day moving average price is $126.98 and its two-hundred day moving average price is $141.94. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 earnings per share. As a group, analysts predict that Paycom Software, Inc. will post 9.09 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s payout ratio is currently 17.34%.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of analyst reports. Citigroup upped their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. KeyCorp lowered their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Cantor Fitzgerald upped their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Mizuho upped their price target on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group lowered their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.67.

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.