Equities research analysts expect Paycom Software Inc (NYSE:PAYC) to announce earnings per share (EPS) of $1.12 for the current quarter, Zacks reports. Seven analysts have made estimates for Paycom Software’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.16. Paycom Software posted earnings per share of $0.95 during the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, April 30th.
On average, analysts expect that Paycom Software will report full-year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.33. For the next year, analysts anticipate that the business will post earnings of $4.01 per share, with EPS estimates ranging from $3.49 to $4.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Paycom Software had a return on equity of 38.83% and a net margin of 24.20%. The business had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. During the same period last year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year.
PAYC has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on Paycom Software to $210.00 and gave the company a “buy” rating in a report on Monday, March 4th. Bank of America lifted their price objective on Paycom Software from $147.00 to $166.00 and gave the company a “neutral” rating in a report on Wednesday, February 6th. Royal Bank of Canada lifted their price objective on Paycom Software to $139.00 and gave the company a “market perform” rating in a report on Monday, February 4th. They noted that the move was a valuation call. ValuEngine raised Paycom Software from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Finally, KeyCorp lifted their price objective on Paycom Software from $133.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Paycom Software has a consensus rating of “Hold” and a consensus price target of $157.00.
PAYC stock opened at $188.95 on Monday. Paycom Software has a twelve month low of $96.44 and a twelve month high of $193.75. The stock has a market cap of $11.05 billion, a P/E ratio of 86.67, a PEG ratio of 2.90 and a beta of 1.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.03.
In other news, insider Jeffrey D. York sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $173.96, for a total value of $4,349,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $181.53, for a total value of $471,978.00. The disclosure for this sale can be found here. Insiders sold a total of 41,973 shares of company stock worth $7,387,222 over the last three months. 16.09% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PAYC. Vanguard Group Inc. raised its position in Paycom Software by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after purchasing an additional 93,152 shares during the last quarter. Vanguard Group Inc raised its position in shares of Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock valued at $675,778,000 after acquiring an additional 93,152 shares during the last quarter. BlackRock Inc. raised its position in shares of Paycom Software by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock valued at $270,933,000 after acquiring an additional 23,876 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Paycom Software by 72.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,964,610 shares of the software maker’s stock valued at $240,566,000 after acquiring an additional 826,529 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Paycom Software by 1.2% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 900,333 shares of the software maker’s stock valued at $170,280,000 after acquiring an additional 10,900 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
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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