North Star Asset Management Inc. Grows Holdings in Paycom Software, Inc. (NYSE:PAYC)

North Star Asset Management Inc. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,681 shares of the software maker's stock after acquiring an additional 1,174 shares during the period. North Star Asset Management Inc. owned approximately 0.08% of Paycom Software worth $9,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC lifted its holdings in shares of Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker's stock worth $658,996,000 after acquiring an additional 1,252,617 shares during the period. FMR LLC lifted its holdings in shares of Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock worth $491,201,000 after acquiring an additional 1,388,533 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after acquiring an additional 89,848 shares during the period. Northern Trust Corp lifted its holdings in shares of Paycom Software by 10.9% during the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker's stock worth $148,402,000 after acquiring an additional 70,897 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Paycom Software by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after acquiring an additional 11,611 shares during the period. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Up 1.3%

Shares of PAYC stock traded up $3.24 during trading hours on Tuesday, hitting $261.14. 446,734 shares of the company's stock traded hands, compared to its average volume of 699,568. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $262.80. The stock's 50 day simple moving average is $228.25 and its 200 day simple moving average is $219.78. The stock has a market cap of $15.11 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The company had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. During the same period in the prior year, the company posted $2.59 earnings per share. Paycom Software's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is presently 21.40%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. KeyCorp increased their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. Finally, Barclays increased their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $226.90.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total value of $29,222,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,307,249 shares in the company, valued at approximately $805,381,276.48. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,426 shares of company stock worth $36,577,802. 10.90% of the stock is currently owned by company insiders.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.