Analysts expect Paycom Software Inc (NYSE:PAYC) to post sales of $130.48 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Paycom Software’s earnings, with the lowest sales estimate coming in at $129.70 million and the highest estimate coming in at $131.30 million. Paycom Software reported sales of $101.29 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.8%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, October 30th.
On average, analysts expect that Paycom Software will report full-year sales of $555.49 million for the current financial year, with estimates ranging from $555.00 million to $556.57 million. For the next fiscal year, analysts expect that the business will report sales of $685.93 million, with estimates ranging from $675.22 million to $696.98 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Paycom Software.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The business had revenue of $128.80 million during the quarter, compared to analyst estimates of $124.47 million. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%.
Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Paycom Software to $115.00 and gave the company a “sector perform” rating in a research report on Monday, July 30th. Canaccord Genuity lowered shares of Paycom Software from a “buy” rating to a “hold” rating and raised their price objective for the company from $130.00 to $150.00 in a research report on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating and set a $155.00 price objective on the stock in a research report on Friday, August 3rd. Guggenheim assumed coverage on shares of Paycom Software in a research report on Monday, August 20th. They set a “neutral” rating and a $140.00 price objective on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $133.00 price objective on shares of Paycom Software in a research report on Wednesday, August 1st. Ten 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 company’s stock. The stock has an average rating of “Buy” and a consensus target price of $119.21.
In other news, insider Kathy Oden-Hall sold 2,000 shares of Paycom Software stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $140.21, for a total value of $280,420.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $152.53, for a total transaction of $7,626,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 80,968 shares of company stock worth $12,183,436. Insiders own 16.24% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Westpac Banking Corp bought a new position in shares of Paycom Software in the second quarter valued at approximately $5,271,000. Verition Fund Management LLC bought a new position in shares of Paycom Software in the second quarter valued at approximately $1,020,000. Rational Advisors LLC bought a new position in shares of Paycom Software in the second quarter valued at approximately $148,000. NN Investment Partners Holdings N.V. bought a new position in shares of Paycom Software in the second quarter valued at approximately $6,721,000. Finally, Trexquant Investment LP bought a new position in shares of Paycom Software in the second quarter valued at approximately $1,480,000. 83.04% of the stock is currently owned by institutional investors.
Shares of NYSE PAYC traded down $2.72 during mid-day trading on Friday, reaching $130.92. The company had a trading volume of 837,100 shares, compared to its average volume of 779,686. 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 firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 153.72, a price-to-earnings-growth ratio of 2.53 and a beta of 1.63. Paycom Software has a 12-month low of $74.35 and a 12-month high of $164.08.
About Paycom Software
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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