Equities research analysts expect Paycom Software Inc (NYSE:PAYC) to announce earnings of $0.52 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.55. Paycom Software reported earnings of $0.29 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 79.3%. The business is expected to issue its next quarterly earnings results on Tuesday, October 30th.
On average, analysts expect that Paycom Software will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.54 to $2.74. For the next year, analysts expect that the company will post earnings of $3.21 per share, with EPS estimates ranging from $3.01 to $3.57. Zacks’ EPS calculations 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 data on Tuesday, July 31st. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%. The company had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $124.47 million.
PAYC has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on shares of Paycom Software from $120.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. ValuEngine cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Credit Suisse Group lifted their price objective on shares of Paycom Software from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, August 1st. KeyCorp reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Paycom Software in a report on Wednesday, August 1st. Finally, Needham & Company LLC initiated coverage on shares of Paycom Software in a report on Wednesday, July 18th. They issued a “buy” rating and a $130.00 price objective for the company. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Paycom Software currently has an average rating of “Buy” and an average price target of $116.53.
In other news, CFO Craig E. Boelte sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $155.63, for a total transaction of $1,867,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Levenson sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $144.19, for a total transaction of $648,855.00. The disclosure for this sale can be found here. Insiders have sold 100,437 shares of company stock valued at $11,280,310 in the last three months. Corporate insiders own 16.24% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC grew its stake in Paycom Software by 154.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,030 shares of the software maker’s stock valued at $102,000 after acquiring an additional 625 shares in the last quarter. IFP Advisors Inc grew its stake in Paycom Software by 181.0% during the 1st quarter. IFP Advisors Inc now owns 1,124 shares of the software maker’s stock valued at $121,000 after acquiring an additional 724 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Paycom Software during the 2nd quarter valued at about $119,000. Envestnet Asset Management Inc. grew its stake in Paycom Software by 613.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,398 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Rational Advisors LLC purchased a new stake in Paycom Software during the 2nd quarter valued at about $148,000. 83.67% of the stock is owned by institutional investors and hedge funds.
PAYC opened at $155.90 on Friday. Paycom Software has a fifty-two week low of $73.02 and a fifty-two week high of $156.99. 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 $8.70 billion, a price-to-earnings ratio of 177.16, a PEG ratio of 2.75 and a beta of 1.63.
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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