Equities analysts predict that Paycom Software, Inc. (NYSE:PAYC) will announce earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.25. Paycom Software reported earnings per share of $0.18 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The company is expected to report its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Paycom Software will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.29. For the next year, analysts expect that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Paycom Software.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The firm had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 31.0% on a year-over-year basis.
PAYC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Friday, November 3rd. Barclays PLC increased their target price on Paycom Software from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, September 13th. Robert W. Baird reissued a “buy” rating and set a $78.00 target price on shares of Paycom Software in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price on shares of Paycom Software in a report on Friday, November 3rd. Finally, Dougherty & Co initiated coverage on Paycom Software in a research note on Tuesday, October 31st. They issued a “buy” rating and a $100.00 price objective on the stock. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Paycom Software currently has a consensus rating of “Buy” and an average price target of $83.44.
Paycom Software (PAYC) traded up $1.70 during midday trading on Friday, hitting $85.14. The stock had a trading volume of 996,700 shares, compared to its average volume of 593,586. Paycom Software has a 12 month low of $41.98 and a 12 month high of $85.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4,980.00, a P/E ratio of 77.98, a PEG ratio of 3.59 and a beta of 1.73.
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In other Paycom Software news, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stacey M. Pezold sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $75.02, for a total value of $750,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,000 shares of company stock worth $4,564,520. Company insiders own 17.90% of the company’s stock.
A number of large investors have recently bought and sold shares of PAYC. California Public Employees Retirement System increased its holdings in shares of Paycom Software by 14.4% in the third quarter. California Public Employees Retirement System now owns 43,696 shares of the software maker’s stock worth $3,275,000 after purchasing an additional 5,496 shares during the last quarter. Granahan Investment Management Inc. MA increased its stake in Paycom Software by 2.3% during the third quarter. Granahan Investment Management Inc. MA now owns 121,133 shares of the software maker’s stock worth $9,080,000 after acquiring an additional 2,737 shares during the last quarter. Jackson Square Partners LLC increased its stake in Paycom Software by 3.6% during the third quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock worth $76,418,000 after acquiring an additional 35,855 shares during the last quarter. Stifel Financial Corp increased its stake in Paycom Software by 42.2% during the third quarter. Stifel Financial Corp now owns 12,630 shares of the software maker’s stock worth $946,000 after acquiring an additional 3,748 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Paycom Software by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 945,552 shares of the software maker’s stock valued at $70,878,000 after buying an additional 3,007 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.
About Paycom Software
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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