Wall Street analysts forecast that Paycom Software Inc (NYSE:PAYC) will post earnings of $0.49 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Paycom Software’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.45. Paycom Software posted earnings per share of $0.26 in the same quarter last year, which would indicate a positive year over year growth rate of 88.5%. The business is expected to report its next quarterly earnings report on Tuesday, August 7th.
On average, analysts expect that Paycom Software will report full year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.71. For the next financial year, analysts expect that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.72 to $3.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $151.42 million. Paycom Software had a net margin of 17.62% and a return on equity of 42.85%. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share.
Several research firms have recently weighed in on PAYC. ValuEngine cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Stifel Nicolaus cut Paycom Software from a “buy” rating to a “hold” rating and increased their target price for the company from $90.00 to $100.00 in a research note on Thursday, March 22nd. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating and issued a $125.00 target price on shares of Paycom Software in a research note on Wednesday, May 2nd. First Analysis cut Paycom Software from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $108.00 to $122.00 in a research note on Wednesday, May 2nd. Finally, Credit Suisse Group increased their target price on Paycom Software from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, May 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $102.29.
In other Paycom Software news, Director Robert J. Levenson sold 18,750 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $108.34, for a total transaction of $2,031,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey M. Pezold sold 58,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $111.20, for a total transaction of $6,449,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,100 shares of company stock valued at $10,381,231. Company insiders own 16.24% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new stake in Paycom Software during the first quarter valued at about $117,000. IFP Advisors Inc boosted its position in Paycom Software by 181.0% during the first quarter. IFP Advisors Inc now owns 1,124 shares of the software maker’s stock valued at $121,000 after buying an additional 724 shares during the period. Envestnet Asset Management Inc. boosted its position in Paycom Software by 613.3% during the first quarter. Envestnet Asset Management Inc. now owns 1,398 shares of the software maker’s stock valued at $149,000 after buying an additional 1,202 shares during the period. Aperio Group LLC purchased a new stake in Paycom Software during the fourth quarter valued at about $201,000. Finally, D.A. Davidson & CO. purchased a new stake in Paycom Software during the first quarter valued at about $204,000. Institutional investors and hedge funds own 82.42% of the company’s stock.
Paycom Software stock opened at $101.24 on Friday. The firm has a market capitalization of $5.84 billion, a PE ratio of 114.72, a PEG ratio of 2.22 and a beta of 1.42. Paycom Software has a fifty-two week low of $64.50 and a fifty-two week high of $118.45. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.
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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