Wall Street brokerages expect Paycom Software Inc (NYSE:PAYC) to announce $0.52 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Paycom Software’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $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 announce its next quarterly earnings report after the market closes 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 financial year, analysts forecast that the firm will report earnings of $3.21 per share, with EPS estimates ranging from $3.01 to $3.57. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The company had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $124.47 million. Paycom Software had a return on equity of 42.01% and a net margin of 20.85%.
Several equities analysts recently issued reports on PAYC shares. ValuEngine lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Needham & Company LLC started coverage on Paycom Software in a research report on Wednesday, July 18th. They issued a “buy” rating and a $130.00 price objective for the company. Royal Bank of Canada boosted their price objective on Paycom Software to $115.00 and gave the company a “sector perform” rating in a research report on Monday, July 30th. KeyCorp reiterated a “buy” rating and issued a $133.00 price objective on shares of Paycom Software in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus boosted their price objective on Paycom Software from $100.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $119.21.
In other Paycom Software news, insider Bradley Scott Smith sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $154.73, for a total transaction of $804,596.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathy Oden-Hall sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $140.21, for a total value of $280,420.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,968 shares of company stock valued at $12,183,436. Insiders own 16.24% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PAYC. SeaCrest Wealth Management LLC boosted its position 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 worth $102,000 after acquiring an additional 625 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Paycom Software during the 2nd quarter worth approximately $119,000. Rational Advisors LLC acquired a new position in Paycom Software during the 2nd quarter worth approximately $148,000. Envestnet Asset Management Inc. boosted its position 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 worth $149,000 after acquiring an additional 1,202 shares during the last quarter. Finally, Hexavest Inc. acquired a new position in Paycom Software during the 3rd quarter worth approximately $149,000. 83.04% of the stock is owned by hedge funds and other institutional investors.
Shares of PAYC stock traded down $2.72 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 stock has a market cap of $8.00 billion, a PE 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.
Further Reading: What is dollar cost averaging (DCA)?
Get a free copy of the Zacks research report on Paycom Software (PAYC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.