Equities analysts expect Paycom Software Inc (NYSE:PAYC) to announce $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Paycom Software’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.45. Paycom Software reported earnings per share of $0.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 88.5%. The company is scheduled to report its next earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Paycom Software will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.39 to $2.71. For the next year, analysts forecast that the business will post earnings of $3.05 per share, with EPS estimates ranging from $2.72 to $3.48. Zacks’ EPS averages are an average based on a survey of analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, May 1st. The software maker reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. Paycom Software had a return on equity of 42.85% and a net margin of 17.62%. The firm had revenue of $153.92 million during the quarter, compared to analyst estimates of $151.42 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 28.8% on a year-over-year basis.
Several equities research analysts recently weighed in on PAYC shares. First Analysis lowered Paycom Software from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $108.00 to $122.00 in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating and set a $97.00 target price for the company in a report on Friday, February 9th. Oppenheimer boosted their target price on Paycom Software from $98.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, March 27th. Barclays lowered Paycom Software from an “overweight” rating to an “equal weight” rating and set a $97.00 target price for the company. in a report on Thursday, April 12th. Finally, KeyCorp upgraded Paycom Software from a “sector weight” rating to an “overweight” rating in a report on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $102.29.
In related news, insider Jeffrey D. York sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $104.27, for a total value of $5,213,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $98.45, for a total value of $1,082,950.00. The disclosure for this sale can be found here. Insiders sold 162,750 shares of company stock worth $17,417,816 over the last quarter. Company insiders own 16.24% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its holdings in Paycom Software by 18.5% in the fourth quarter. California Public Employees Retirement System now owns 51,764 shares of the software maker’s stock valued at $4,158,000 after acquiring an additional 8,068 shares during the last quarter. Swiss National Bank lifted its stake in Paycom Software by 2.5% in the fourth quarter. Swiss National Bank now owns 81,197 shares of the software maker’s stock valued at $6,523,000 after buying an additional 2,000 shares during the period. Maryland Capital Management acquired a new position in Paycom Software in the fourth quarter valued at about $7,760,000. Motley Fool Asset Management LLC lifted its stake in Paycom Software by 13.8% in the first quarter. Motley Fool Asset Management LLC now owns 185,530 shares of the software maker’s stock valued at $19,924,000 after buying an additional 22,530 shares during the period. Finally, Next Century Growth Investors LLC lifted its stake in Paycom Software by 749.4% in the fourth quarter. Next Century Growth Investors LLC now owns 34,724 shares of the software maker’s stock valued at $2,789,000 after buying an additional 30,636 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
PAYC opened at $104.02 on Friday. Paycom Software has a twelve month low of $62.17 and a twelve month high of $118.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $6.09 billion, a P/E ratio of 118.20, a P/E/G ratio of 2.31 and a beta of 1.47.
Paycom Software announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Paycom Software Company Profile
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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